This chemical is primarily used in organic synthesis as a versatile building block for the introduction of boron-containing groups into molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, a widely employed method for forming carbon-carbon bonds in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it suitable for creating complex organic compounds, including those used in drug discovery and development. Additionally, it serves as a precursor in the preparation of boron-based polymers and materials with applications in electronics and optoelectronics. Its role in facilitating efficient and selective chemical transformations underscores its importance in modern synthetic chemistry.