Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial 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 advanced materials, such as organic semiconductors and liquid crystals, due to its ability to modify electronic properties. Additionally, it serves as a building block in the creation of bioactive compounds for research in medicinal chemistry. Its applications extend to the field of chemical sensors, where it aids in the detection of specific analytes.