This compound is widely used in organic synthesis, particularly in cross-coupling reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its stability and reactivity make it valuable in Suzuki-Miyaura coupling, enabling the creation of complex organic molecules. It is also employed in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its trifluoroborate group enhances its compatibility with various reaction conditions, making it a versatile tool in modern synthetic chemistry.