Used in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. It serves as a versatile building block for constructing complex aromatic compounds. Its stability and reactivity make it suitable for use in creating conjugated polymers and organic electronic materials. Additionally, it is employed in the development of sensors and catalysts due to its ability to interact with various functional groups.