Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and bioactive compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. This compound is also employed in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and conductive polymers, due to its ability to modify and enhance electronic properties. Additionally, it serves as a building block in the synthesis of ligands for catalysis and metal-organic frameworks (MOFs).