Used as a key intermediate in the synthesis of pharmaceuticals, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. It is essential in the production of complex organic molecules, including potential drug candidates. Also employed in the development of materials for organic electronics, such as OLEDs and organic semiconductors, due to its ability to introduce functional groups into aromatic systems. Additionally, it finds application in the preparation of advanced polymers and ligands for catalysis.