This chemical is primarily used in organic synthesis as a key intermediate in the preparation of various complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it acts as a boron-containing reagent to facilitate the formation of carbon-carbon bonds. This makes it essential in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its structure allows for selective functionalization, enabling the creation of tailored compounds for specific applications in drug discovery and development. Its stability and reactivity also make it a preferred choice in research laboratories for constructing diverse organic frameworks.