Primarily used in organic synthesis, this compound serves as a stable and versatile reagent in cross-coupling reactions, particularly Suzuki-Miyaura couplings. It facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability to air and moisture allows for easier handling and storage compared to other boron reagents. Additionally, it is employed in the synthesis of complex organic molecules, including natural products and polymers, due to its compatibility with various functional groups and mild reaction conditions.