Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the production of advanced materials, such as liquid crystals and organic semiconductors, due to its ability to modify electronic properties. Additionally, it serves as a building block in agrochemical research for creating novel pesticides and herbicides with improved efficacy and selectivity.