Used primarily as a key reagent in organic synthesis, especially in cross-coupling reactions such as Suzuki-Miyaura coupling. The compound serves as a versatile building block for introducing boron-containing groups, enabling the formation of carbon-carbon bonds in pharmaceuticals, agrochemicals, and advanced materials. Its iodomethyl group allows for further functionalization, making it valuable in multi-step syntheses. Commonly employed in the preparation of boronic ester intermediates, it supports the efficient and selective construction of complex organic molecules under mild reaction conditions.