Primarily utilized in organic synthesis as a stable and versatile reagent, this compound is often employed in Suzuki-Miyaura cross-coupling reactions. It serves as a boron source, facilitating the formation of carbon-carbon bonds in the presence of palladium catalysts. Its stability in air and moisture makes it a convenient choice for constructing complex organic molecules, particularly in pharmaceutical and agrochemical research. Additionally, it is used in the preparation of aryl and heteroaryl compounds, contributing to the development of advanced materials and bioactive molecules.