Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Plays a significant role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds for complex organic molecules. Applied in the production of agrochemicals, contributing to the creation of advanced herbicides and pesticides. Utilized in material science for designing organic electronic materials and polymers with specific properties. Also serves as a building block in the preparation of bioactive compounds for research in medicinal chemistry.