Used as a key reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in organic synthesis. Its propenyl group allows for the introduction of propenyl moieties into aromatic or heteroaromatic systems, which is valuable in the development of pharmaceuticals, agrochemicals, and functional materials. The compound’s stability and reactivity make it suitable for late-stage functionalization in complex molecule synthesis. It is also employed in the preparation of boron-containing intermediates for materials science applications, including organic electronics and sensors.