This chemical is primarily utilized in the field of organic electronics and materials science due to its unique properties. It serves as a key intermediate in the synthesis of conjugated polymers and small molecules, which are essential components in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) devices. The compound's ability to facilitate cross-coupling reactions makes it valuable in constructing complex organic structures with tailored electronic properties. Additionally, it is employed in research focused on developing advanced materials for optoelectronic applications, contributing to innovations in flexible displays and renewable energy technologies.