Used as an intermediate in organic synthesis, particularly in the production of boron-containing compounds for pharmaceuticals and agrochemicals. Acts as a boron source in cross-coupling reactions, such as Suzuki-Miyaura reactions, enabling the formation of carbon-carbon bonds. Employed in the preparation of specialty esters and as a reagent in the modification of polymers to enhance thermal stability. Also utilized in research settings for the development of new catalytic systems and boron-based functional materials.