Used in organic synthesis as a key intermediate for cross-coupling reactions, particularly Suzuki-Miyaura coupling, to create complex organic molecules. It is valuable in pharmaceutical research for developing drug candidates, especially those targeting specific biological pathways. The compound is also employed in material science for designing advanced polymers and functional materials. Its unique structure makes it suitable for applications in agrochemicals, aiding in the creation of novel pesticides and herbicides. Additionally, it is utilized in the synthesis of liquid crystals and electronic materials, contributing to the development of display technologies and organic electronics.