This chemical is primarily used in organic synthesis as a versatile building block for the formation of carbon-carbon and carbon-heteroatom bonds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it acts as a boron reagent to facilitate the coupling of aryl or vinyl halides with various organic compounds. This enables the synthesis of complex molecules, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, its stability and reactivity make it a preferred choice in the development of new polymers and functional materials. It is also employed in the preparation of boron-containing compounds for use in medicinal chemistry and as intermediates in the production of fine chemicals.