Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and bioactive compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex molecules. This compound is also employed in the development of boron-containing drugs, which are explored for their potential therapeutic applications, including cancer treatment and enzyme inhibition. Additionally, it serves as a reagent in the production of advanced materials and functionalized polymers.