Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds, which is essential for creating complex organic molecules. Additionally, it is employed in the development of advanced materials, such as polymers and liquid crystals, due to its ability to modify and enhance material properties. Its application extends to research and development in medicinal chemistry, where it aids in the discovery of new drug candidates by facilitating the synthesis of diverse chemical structures.