Used as a key intermediate in the synthesis of organic compounds, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It facilitates the formation of carbon-carbon bonds, enabling the production of complex molecules in pharmaceuticals and agrochemicals. Its stability and reactivity make it suitable for creating aryl-aryl or aryl-heteroaryl structures, essential in drug discovery and material science. Additionally, it is employed in the development of organic electronic materials and catalysts.