Used primarily in organic synthesis, this chemical serves as a key building block in the creation of complex molecules. It is particularly valuable in the development of pharmaceutical compounds, where it acts as an intermediate in the production of drugs targeting various diseases. Additionally, it finds application in material science, contributing to the synthesis of advanced polymers and organic electronic materials. Its role in cross-coupling reactions is significant, enabling the formation of carbon-carbon bonds, which is crucial in the manufacture of fine chemicals and agrochemicals.