Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. This compound is particularly valuable in the development of active pharmaceutical ingredients (APIs) and fine chemicals. Additionally, it is employed in the production of advanced materials and organic electronic compounds, contributing to innovations in material science and technology. Its versatility makes it a valuable tool in research and industrial applications.