Used in organic synthesis as a key intermediate for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the production of pharmaceuticals and agrochemicals. It is particularly valuable in constructing complex aromatic compounds due to its stability and reactivity. Additionally, it serves as a building block in the development of bioactive molecules and materials science research. Its sulfinyl group can also facilitate further functionalization, making it versatile in medicinal chemistry and drug discovery.