This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boron-containing reagent, enabling the formation of carbon-carbon bonds in the construction of complex organic molecules. Its application is significant in the development of pharmaceuticals, agrochemicals, and advanced materials. The triphenylene moiety in its structure can contribute to the creation of organic semiconductors and optoelectronic materials, making it valuable in the field of organic electronics. Additionally, its stability and reactivity make it suitable for use in catalytic processes and as a building block in polymer chemistry.