Used as a versatile reagent in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura couplings, where it serves as a stable and efficient boron source. Its application extends to the preparation of pharmaceuticals, agrochemicals, and fine chemicals, enabling the formation of carbon-carbon bonds with high selectivity and yield. The compound's stability and solubility in various solvents make it a preferred choice for complex molecular constructions. Additionally, it is employed in the development of advanced materials and bioactive compounds, contributing to innovations in medicinal chemistry and material science.