Used as a key reagent in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. Its structural stability and reactivity make it valuable for constructing complex organic molecules in pharmaceuticals, agrochemicals, and advanced materials. The octyl chain enhances solubility in nonpolar solvents, improving compatibility in diverse reaction systems. Commonly employed in late-stage functionalization due to mild reaction conditions and high functional group tolerance.