Primarily utilized in organic synthesis, this chemical serves as a key reagent in the formation of carbon-carbon bonds, particularly in palladium-catalyzed cross-coupling reactions. Its effectiveness in these reactions makes it valuable for constructing complex organic molecules, including pharmaceuticals and advanced materials. Additionally, it is employed in the preparation of boron-containing compounds, which are often used in various catalytic processes and material science applications. Its stability and reactivity under mild conditions further enhance its utility in diverse synthetic pathways.