This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for introducing the naphthyl group into various organic compounds, enabling the formation of carbon-carbon bonds. Its stability and reactivity make it a valuable tool in the synthesis of complex molecules, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is utilized in the preparation of boron-containing compounds for applications in materials science and optoelectronics. Its role in facilitating precise and efficient transformations highlights its importance in modern synthetic chemistry.