Primarily used in organic synthesis as a stable and versatile reagent for cross-coupling reactions, particularly in Suzuki-Miyaura coupling. It facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and advanced materials. Its trifluoroborate group enhances stability and solubility, making it suitable for reactions in various solvents. Additionally, it is employed in the preparation of biaryl compounds, which are essential in drug discovery and material science. Its compatibility with mild reaction conditions and functional groups makes it a valuable tool in modern synthetic chemistry.