Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting various diseases. 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, contributing to the creation of herbicides and pesticides. Additionally, it finds application in material science, aiding in the development of advanced polymers and organic electronic materials. Its versatility makes it valuable in research and industrial processes for creating innovative compounds.