This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its application is crucial in the pharmaceutical industry for synthesizing drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it is employed in materials science for developing organic electronic materials, such as OLEDs, due to its ability to modify and enhance the properties of conjugated systems. Its stability and reactivity make it a valuable tool in research and industrial processes.