Used primarily in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate for creating complex organic molecules. Its ability to form carbon-carbon bonds makes it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of conjugated polymers and organic electronic materials, contributing to innovations in optoelectronics and photovoltaics. Its stability and reactivity under mild conditions further enhance its utility in diverse chemical transformations.