Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a significant 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 production of agrochemicals, contributing to the creation of herbicides and pesticides with enhanced efficacy. Additionally, it is utilized in material science for the development of organic electronic materials, such as OLEDs, due to its ability to modify and stabilize molecular structures.