Used in organic synthesis as a key reagent for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. It serves as a versatile building block for creating complex organic molecules, particularly in the development of drugs and biologically active compounds. Additionally, it is employed in the synthesis of boron-containing compounds for use in material science and as intermediates in various chemical processes. Its role in catalysis and functional group transformations makes it valuable in research and industrial applications.