This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its application is prominent in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) and drug candidates. Additionally, it is utilized in materials science for the development of organic semiconductors and advanced polymers. Its stability and reactivity make it a valuable tool in research and industrial processes for creating functionalized aromatic compounds.