This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key boron reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl boronic esters and aryl or vinyl halides. This makes it valuable in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity under mild conditions make it a preferred choice in medicinal chemistry for developing drug candidates. Additionally, it is employed in the synthesis of conjugated polymers and organic electronic materials, contributing to advancements in optoelectronics and nanotechnology.