Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. Applied in the production of agrochemicals, where it aids in creating compounds with enhanced biological activity. Utilized in material science for the development of advanced polymers and coatings with specific properties like durability and resistance. Also employed in research for designing fluorescent probes and sensors due to its unique electronic characteristics.