Used as a reagent in organic synthesis, particularly in the formation of carbon-boron bonds, which are essential in cross-coupling reactions. It plays a role in the preparation of pharmaceuticals and fine chemicals by facilitating the introduction of boron-containing groups into organic molecules. Additionally, it is employed in the development of new materials and catalysts, contributing to advancements in chemical manufacturing and research. Its stability and reactivity make it valuable in creating complex molecular structures with precision.