Used as an intermediate in organic synthesis, particularly in the preparation of functional materials for optoelectronic devices. It plays a key role in the development of organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) cells due to its ability to facilitate cross-coupling reactions. This compound is also employed in the creation of advanced polymers and small molecules with tailored electronic properties, enhancing the efficiency and performance of these materials in various applications. Additionally, it is utilized in research for designing and synthesizing novel compounds with potential applications in pharmaceuticals and agrochemicals.