Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This chemical is also utilized in the production of agrochemicals, such as herbicides and fungicides, due to its ability to introduce specific functional groups into target compounds. Additionally, it finds application in material science for the creation of advanced polymers and organic electronic materials, contributing to the development of innovative technologies.