This chemical is primarily used in organic synthesis as a reagent for the introduction of trifluoroborate groups into molecules. It is particularly valuable in cross-coupling reactions, such as Suzuki-Miyaura couplings, where it facilitates the formation of carbon-carbon bonds in the presence of palladium catalysts. Its stability and ease of handling make it a preferred choice in the preparation of complex organic compounds, including pharmaceuticals and agrochemicals. Additionally, it is employed in the development of boron-containing materials, which are useful in various advanced applications, such as sensors and electronic devices.