Used as a key reagent in cross-coupling reactions, particularly in Suzuki-Miyaura coupling, enabling the formation of carbon-carbon bonds between aryl halides and boronic acids. Its perfluorophenyl group enhances stability and reactivity in catalytic transformations, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and functional materials. The compound is also employed in the preparation of boron-containing conjugated systems for applications in organic electronics and optoelectronic devices.