This chemical is primarily utilized in organic synthesis, particularly in the formation of carbon-carbon bonds. It serves as a key reagent in Stille coupling reactions, which are widely employed in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its ability to facilitate the cross-coupling of thiazole rings with various organic halides makes it valuable in the development of biologically active compounds. Additionally, it is used in the synthesis of heterocyclic compounds, which are essential in medicinal chemistry for designing drugs with specific therapeutic properties.