Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the development of agrochemicals, contributing to the creation of more effective pesticides and herbicides. Additionally, it finds application in material science for the preparation of advanced polymers and coatings with enhanced properties. Its versatility in organic synthesis makes it valuable in research and industrial processes for developing innovative chemical products.