This compound is primarily utilized in organic synthesis as a stable and versatile reagent for cross-coupling reactions, particularly in the formation of carbon-carbon bonds. It serves as a key intermediate in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical industries. Its stability and ease of handling make it a preferred choice for palladium-catalyzed reactions, such as Suzuki-Miyaura couplings, enabling the efficient construction of alkenes and other functionalized structures. Additionally, it is employed in the development of advanced materials and fine chemicals due to its ability to introduce specific functional groups into target molecules with high precision.