Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex biaryl compounds. These compounds are essential in pharmaceuticals, agrochemicals, and materials science. It serves as a key intermediate for producing thiophene-based molecules, which are valuable in drug development and organic electronics. Additionally, it is employed in the preparation of sensors and catalysts due to its unique reactivity and stability. Its applications extend to the synthesis of conjugated polymers used in organic light-emitting diodes (OLEDs) and other optoelectronic devices.