This chemical is primarily used in organic synthesis as a versatile building block for the creation of complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it acts as a boron reagent to facilitate the formation of carbon-carbon bonds. This makes it essential in the production of pharmaceuticals, agrochemicals, and advanced materials. Its allyloxy group allows for further functionalization, enabling the synthesis of compounds with tailored properties. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) and other electronic materials due to its ability to introduce specific structural motifs into organic frameworks.