Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. This compound is also employed in the development of boron-containing compounds, which are essential in medicinal chemistry for drug discovery and development. Additionally, it finds application in materials science for the creation of advanced polymers and electronic materials. Its stability and reactivity make it a versatile reagent in research and industrial processes.