Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of biaryl compounds widely applied in pharmaceuticals and organic electronics. It serves as a building block for creating complex organic molecules, particularly in drug discovery and development. The nitro group enhances reactivity, making it valuable in catalytic processes. It is also employed in material science for designing advanced polymers and functional materials. Its stability and compatibility with various reaction conditions make it a preferred choice in organic synthesis.