This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boron-containing reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl groups. Its application is significant in the pharmaceutical industry, where it aids in the development of complex molecules, including potential drug candidates. Additionally, it is utilized in materials science for the synthesis of advanced organic materials, such as polymers and organic electronic components. The compound’s stability and reactivity make it a valuable tool in research and industrial processes involving precise molecular construction.