Used in organic synthesis as a key reagent for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. It serves as a versatile building block for creating complex organic molecules, particularly in the development of drugs and biologically active compounds. Additionally, it is employed in the synthesis of boron-containing compounds for use in material science and as intermediates in various chemical processes. Its role in catalytic processes and functional group transformations makes it valuable in research and industrial applications.