Used in organic synthesis as a versatile reagent for the preparation of boron-containing compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. This compound is also employed in the development of pharmaceuticals and agrochemicals, where boron-based intermediates play a crucial role. Additionally, it serves as a precursor for creating functional materials, such as polymers and optoelectronic devices, due to its ability to introduce boron moieties into various substrates. Its stability and reactivity make it a preferred choice in modern synthetic chemistry.