This chemical is primarily used as a reagent in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its application is significant in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) and in materials science for creating advanced polymers and organic electronic materials. The compound’s stability and reactivity make it a valuable tool in the development of novel compounds for research and industrial purposes.