Used as a boron-based reagent in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a stable and selective source of boronic acid equivalents, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical manufacturing. Its cyclic structure enhances shelf life and reduces volatility, making it suitable for use in air- and moisture-sensitive reactions. Commonly employed in late-stage functionalization of complex molecules due to its mild reactivity and compatibility with various functional groups.