This chemical is primarily utilized in organic synthesis, particularly in the formation of carbon-carbon bonds through Stille coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its application is significant in the development of thiazole-containing compounds, which are often explored for their biological activities, such as antimicrobial, antiviral, and anticancer properties. Additionally, it is employed in materials science for the synthesis of advanced materials with potential applications in electronics and optoelectronics.