This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical and materials science industries. Its application is crucial for creating carbon-carbon bonds, enabling the synthesis of various biaryl compounds, which are essential in drug development and advanced material design. Additionally, it is utilized in the production of organic light-emitting diodes (OLEDs) and other electronic materials due to its ability to form stable and efficient conjugated systems.