This compound is widely used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in the development of conjugated polymers and organic semiconductors. Its application is crucial in materials science for creating electronic devices such as organic light-emitting diodes (OLEDs), field-effect transistors (OFETs), and photovoltaic cells. Additionally, it finds use in pharmaceutical research for synthesizing biologically active compounds. Its stability and reactivity make it a valuable tool in modern synthetic chemistry.