This chemical is primarily utilized in organic synthesis as a versatile boron-containing reagent. It is commonly employed in Suzuki-Miyaura cross-coupling reactions, which are pivotal in forming carbon-carbon bonds, particularly in the synthesis of complex organic molecules like pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable intermediate for constructing biaryl compounds, which are essential in drug discovery and material science. Additionally, it is used in the development of organic electronic materials, such as organic light-emitting diodes (OLEDs) and semiconductors, due to its ability to facilitate precise molecular design.