Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boron-containing structure allows efficient coupling with aryl or vinyl halides under palladium catalysis, making it valuable in pharmaceutical, agrochemical, and materials science research. The thioether functionality provides additional reactivity or coordination potential, useful in designing ligands or functional materials. Stable and selective, it supports the construction of biaryl and heterobiaryl systems important in drug development and organic electronics.