This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a stable and efficient boron reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its application is significant in pharmaceutical research and development, where it aids in the creation of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it is utilized in material science for the preparation of advanced materials with specific electronic or structural properties. The compound's stability and reactivity make it a valuable tool in modern synthetic chemistry.