This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of complex molecules, especially in the pharmaceutical industry. Its structure allows it to participate in Suzuki-Miyaura coupling reactions, which are essential for forming carbon-carbon bonds in drug development. Additionally, it is utilized in the synthesis of biologically active compounds, contributing to the creation of potential therapeutic agents. Its stability and reactivity make it a valuable tool in the construction of diverse organic frameworks.