Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to create carbon-carbon bonds in the production of complex organic molecules. This compound is also utilized in the development of fluorescent probes and sensors due to its ability to interact with specific analytes, making it useful in biochemical and environmental monitoring. Additionally, it finds application in material science for the synthesis of organic electronic materials, such as polymers and small molecules, which are essential for optoelectronic devices like organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs).