This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boron reagent, enabling the formation of carbon-carbon bonds, which is essential in the production of complex organic molecules. Its application is significant in the development of pharmaceuticals, where it aids in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it is utilized in material science for the creation of organic electronic materials, including organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs), due to its ability to facilitate the construction of conjugated systems. The compound's stability and reactivity make it a valuable tool in advanced chemical research and industrial processes.