Primarily used in organic synthesis, this compound serves as a key reagent in cross-coupling reactions, particularly Suzuki-Miyaura couplings. It facilitates the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its stability and ease of handling make it a preferred choice in pharmaceutical research for synthesizing drug intermediates. Additionally, it is employed in material science for developing advanced polymers and functional materials. Its trifluoroborate group enhances reactivity and selectivity in various catalytic processes.