This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester reagent, facilitating the formation of carbon-carbon bonds between aryl or vinyl boronic acids and aryl or vinyl halides. This makes it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity under mild conditions make it a preferred choice for constructing complex organic molecules. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) and other electronic materials due to its ability to introduce boron-containing functional groups into organic frameworks.