This chemical is primarily used in organic synthesis as a versatile boron reagent. It plays a key role in Suzuki-Miyaura cross-coupling reactions, which are widely employed in the pharmaceutical and materials science industries to form carbon-carbon bonds. Its stability and reactivity make it a valuable intermediate for constructing complex organic molecules, such as drugs, agrochemicals, and advanced polymers. Additionally, it is utilized in the development of organic electronic materials, including OLEDs and semiconductors, through the formation of extended aromatic systems via cross-coupling. It serves as a key building block in medicinal chemistry for drug discovery and development.