Used as a key intermediate in the synthesis of complex organic compounds, particularly in pharmaceutical research. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create biologically active molecules. This compound is valuable in the development of drug candidates, especially in the construction of heterocyclic frameworks often found in medicinal chemistry. Its stability and reactivity make it suitable for use in multi-step synthetic processes, contributing to the production of potential therapeutic agents targeting various diseases.