This complex is primarily utilized in organic synthesis and pharmaceutical research due to its unique boronic acid and inositol structure. It serves as a key intermediate in the development of boron-containing compounds, which are essential in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. Its application extends to the synthesis of biologically active molecules, including potential drug candidates, particularly in targeting diseases like cancer and diabetes. The compound’s stability and solubility in aqueous solutions make it suitable for use in biochemical studies and as a building block for complex organic frameworks. Additionally, it is explored in materials science for designing advanced polymers and sensors.