This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the creation of complex organic compounds. Its application is significant in the pharmaceutical industry, where it is utilized in the development of drug candidates and active pharmaceutical ingredients (APIs). Additionally, it finds use in material science for the synthesis of advanced polymers and electronic materials. The presence of varying amounts of anhydride can influence its reactivity, making it versatile for tailored synthetic processes.