Used primarily as a reagent in organic synthesis, particularly in the preparation of organoboron compounds. It serves as a key intermediate in cross-coupling reactions, such as Suzuki-Miyaura coupling, which are widely employed in the production of pharmaceuticals, agrochemicals, and advanced materials. Its role in these reactions is crucial for forming carbon-carbon bonds, enabling the synthesis of complex organic molecules. Additionally, it finds application in research and development for creating novel compounds with potential industrial or medicinal uses.