Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a crucial role in cross-coupling reactions, such as Suzuki-Miyaura coupling, enabling the formation of carbon-carbon bonds. This compound is valuable in the development of complex molecules, including drug candidates, due to its stability and reactivity. It is also employed in the synthesis of boron-containing compounds, which are essential in various medicinal and material science applications.