Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely applied in pharmaceuticals, agrochemicals, and material science for creating carbon-carbon bonds. It is also utilized in the development of organic electronic materials, such as OLEDs, due to its ability to modify and enhance electronic properties. Additionally, it serves as a building block in the synthesis of bioactive compounds for drug discovery and development.