Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) for therapeutic drugs. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and sensors, due to its ability to modify and enhance the properties of conjugated polymers. Additionally, it is utilized in research for the preparation of advanced organic compounds with potential applications in agrochemicals and fine chemicals.