This chemical is primarily used in organic synthesis as a versatile boron reagent, particularly in Suzuki-Miyaura cross-coupling reactions. It facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity under mild conditions make it a preferred choice for introducing aryl or heteroaryl groups into target compounds. Additionally, it is employed in the development of organic electronic materials, such as OLEDs and semiconductors, due to its ability to modify molecular structures for enhanced electronic properties.