This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl boronic acids and aryl or vinyl halides. This reaction is widely employed in the pharmaceutical industry for the synthesis of complex molecules, including active pharmaceutical ingredients (APIs). Additionally, it finds use in material science for the development of organic electronic materials, such as OLEDs and organic semiconductors, due to its ability to introduce functional groups into aromatic systems. Its stability and reactivity make it a valuable tool in the construction of diverse organic frameworks.