Used in organic synthesis as a key intermediate for the preparation of pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. This compound is also employed in the development of materials for organic electronics, such as OLEDs, due to its ability to modify and enhance the properties of organic semiconductors. Additionally, it serves as a reagent in the production of fine chemicals and specialty polymers, contributing to advancements in material science and industrial chemistry.