This chemical is primarily used in organic synthesis, particularly in the field of polymer chemistry. It serves as a key intermediate in the production of conductive polymers, which are essential for creating materials used in organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaic cells (solar panels). Additionally, it is utilized in cross-coupling reactions, such as the Stille coupling, to form carbon-carbon bonds, enabling the synthesis of complex organic molecules. These reactions are crucial in the development of pharmaceuticals, agrochemicals, and advanced materials. Its role in these processes highlights its importance in advancing technology and innovation in various industries.