This chemical is primarily used in organic synthesis as a reagent for the formation of carbon-boron bonds, which are crucial in various cross-coupling reactions. It facilitates the introduction of trifluoroborate groups into organic molecules, enhancing their reactivity and stability. This makes it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of complex molecules, particularly in medicinal chemistry, where it aids in the creation of bioactive compounds. Its role in Suzuki-Miyaura cross-coupling reactions is notable, as it helps in constructing carbon-carbon bonds efficiently, which is essential for producing diverse organic compounds.