This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a boronic ester reagent, facilitating the formation of carbon-carbon bonds between aryl or vinyl boronic acids and aryl or vinyl halides. This makes it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity under mild conditions make it a preferred choice for constructing complex organic molecules. Additionally, it is employed in the development of electronic materials and polymers, where precise molecular structures are critical for performance.