Used in organic synthesis as a building block for creating complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is essential for forming carbon-carbon bonds, enabling the production of pharmaceuticals, agrochemicals, and advanced materials. It also serves as a key intermediate in the development of organic electronic materials, such as OLEDs, due to its aromatic structure. Additionally, it is employed in the preparation of sensors and probes for detecting specific analytes in biochemical research.