This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its structure allows it to act as a versatile intermediate in the synthesis of complex organic compounds, including biologically active molecules and polymers. Additionally, it is employed in the development of organic electronic materials, such as OLEDs, due to its ability to facilitate the creation of conjugated systems. Its stability and reactivity make it a useful tool in medicinal chemistry for designing and optimizing drug candidates.