This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it serves as a boron-containing reagent. Its structure, featuring a benzo[d][1,2,3]triazole moiety, makes it a valuable intermediate in the preparation of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. The presence of the tetramethyl dioxaborolane group enhances its stability and reactivity, facilitating efficient transformations under mild conditions. Additionally, it is employed in the development of fluorescent dyes and sensors due to its ability to participate in conjugation and electron transfer processes.