This chemical is primarily used as a reagent in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boron source, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules, such as pharmaceuticals, agrochemicals, and advanced materials. Its stability and reactivity make it a valuable tool in the preparation of biaryl compounds, which are essential in drug discovery and material science. Additionally, it is employed in the development of polymers and electronic materials due to its ability to introduce boron-containing functional groups into organic frameworks.