Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. This compound is also employed in the development of materials for organic electronics, such as OLEDs, due to its ability to modify electronic properties. Additionally, it serves as a building block in the creation of sensors and probes for detecting biological molecules. Its stability and reactivity make it a versatile reagent in research and industrial applications.