Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. Serves as a building block in the preparation of biaryl compounds through cross-coupling reactions such as Suzuki and Heck reactions. Employed in the development of ligands for catalysts in asymmetric synthesis. Also utilized in the research of functional materials, including organic semiconductors and optoelectronic devices, due to its aromatic and nitrogen-containing structure that supports electron transport properties.