This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a valuable boron reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl boronic esters and aryl or vinyl halides. This makes it a key component in the production of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity under mild conditions make it a preferred choice in medicinal chemistry for constructing biologically active compounds. Additionally, it is employed in material science for developing organic electronic materials, such as polymers and small molecules used in OLEDs and other optoelectronic devices.