Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely employed in the pharmaceutical industry to create carbon-carbon bonds, essential for developing drug candidates. Its dibenzofuran group enhances stability and electronic properties, making it suitable for producing advanced materials like organic semiconductors and light-emitting diodes (OLEDs). Additionally, it finds applications in material science for designing polymers and coatings with specific optical or electronic characteristics.