This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the creation of complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by facilitating the synthesis of biaryl compounds. Additionally, it is used in material science for designing advanced polymers and functional materials, and in agrochemical synthesis. The presence of varying amounts of anhydride may influence its reactivity, making it adaptable for specific synthetic pathways.