Used as a key reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules, particularly in pharmaceuticals and agrochemicals. Its electron-withdrawing nitrophenyl group enhances reactivity and stability, making it valuable in late-stage functionalization and materials science applications. Commonly employed in the preparation of conjugated aromatic systems for use in organic electronics and fluorescent probes.