Used as a key intermediate in the synthesis of pharmaceuticals, particularly in Suzuki-Miyaura cross-coupling reactions to create complex organic molecules. It is valuable in the development of drugs targeting various diseases, including cancer and inflammation. Also employed in material science for the preparation of organic electronic materials, such as polymers and small molecules used in OLEDs and other optoelectronic devices. Its stability and reactivity make it a preferred choice in organic synthesis for constructing carbon-carbon bonds.