This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boron-containing reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its application is significant in pharmaceuticals, where it aids in the development of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it is utilized in materials science for the preparation of advanced polymers and organic electronic materials. Its stability and reactivity make it a valuable tool in research and industrial processes requiring precise and efficient chemical transformations.