Used as a key reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in organic synthesis. It serves as a stable boronic ester derivative, facilitating the preparation of biaryl compounds which are important in pharmaceuticals, agrochemicals, and materials science. Its structure allows for efficient coupling with aryl halides under palladium catalysis, offering high yields and selectivity. Commonly employed in late-stage functionalization due to its tolerance of various functional groups and stability under ambient conditions.