Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the production of drugs targeting central nervous system disorders. It is also employed in the development of agrochemicals, such as insecticides and herbicides, due to its role in creating compounds that effectively control pests and weeds. In material science, it serves as a building block for organic electronic materials, contributing to the advancement of OLEDs and other optoelectronic devices. Additionally, it is utilized in cross-coupling reactions, such as Suzuki-Miyaura reactions, to form carbon-carbon bonds in organic synthesis, enabling the creation of complex molecules for research and industrial applications.