This chemical is primarily used as an intermediate in organic synthesis, particularly in the preparation of boron-containing compounds. It is often employed in cross-coupling reactions, such as Suzuki-Miyaura coupling, which are widely utilized in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable reagent for introducing boron groups into organic molecules, facilitating the creation of complex structures. Additionally, it can be used in the development of polymers and materials with specific electronic or optical properties.