Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its stability and reactivity make it valuable for constructing biaryl compounds, which are common structural motifs in drug development. Commonly employed in late-stage functionalization due to tolerance of various functional groups. Also utilized in materials science for synthesizing conjugated organic molecules used in optoelectronic devices.