Primarily used in organic synthesis, this compound serves as a key intermediate in the preparation of organic electronic materials. It is particularly valuable in the development of organic light-emitting diodes (OLEDs) due to its ability to facilitate cross-coupling reactions, which are essential for creating conjugated polymers and small molecules with desirable electronic properties. Additionally, it is employed in the synthesis of advanced materials for photovoltaic cells, contributing to the efficiency and stability of solar energy conversion devices. Its role in Suzuki-Miyaura coupling reactions makes it indispensable for constructing complex organic frameworks used in various high-tech applications.