Used as a reagent in organic synthesis, particularly in cross-coupling reactions involving phenolic compounds. It enables the formation of carbon-carbon bonds under mild conditions, making it valuable in pharmaceutical and agrochemical industries for constructing biaryl structures. Its stability and selectivity enhance reaction efficiency, especially in transformations where traditional boronic acids may decompose or require harsher conditions. Also employed in labeling and bioconjugation due to its compatibility with functional groups present in complex molecules.