Used as a reagent in organic synthesis, particularly in the formation of carbon-boron bonds, which are essential in Suzuki-Miyaura cross-coupling reactions. These reactions are widely applied in the pharmaceutical industry for the synthesis of complex organic compounds, including drug candidates. It also serves as a precursor in the preparation of boron-containing polymers and materials, which have applications in electronics and optoelectronics. Additionally, it is utilized in the development of advanced materials for catalysis and sensing due to its unique boron-based reactivity.