Used primarily in organic synthesis, this compound serves as a key reagent in Stille coupling reactions, facilitating the formation of carbon-carbon bonds. It is particularly valuable in the construction of complex quinoline derivatives, which are important in the development of pharmaceuticals and agrochemicals. Additionally, it finds application in material science for the synthesis of organic electronic materials, contributing to advancements in organic light-emitting diodes (OLEDs) and other optoelectronic devices. Its role in cross-coupling reactions also aids in the preparation of biologically active molecules, making it a versatile tool in medicinal chemistry research.