Used as a key intermediate in the synthesis of organic compounds, particularly in the production of pharmaceuticals and agrochemicals. It plays a crucial role in cross-coupling reactions, enabling the formation of carbon-carbon bonds, which are essential in creating complex molecules. Additionally, it is employed in the development of liquid crystal materials for electronic displays due to its ability to influence molecular alignment. In research, it serves as a reagent for studying reaction mechanisms and developing new synthetic pathways. Its versatility makes it valuable in both industrial and academic settings.