Used as a key reagent in organic synthesis, particularly in borylation reactions to introduce boron-containing groups into organic molecules. Its cyclic structure enhances reactivity and selectivity, making it valuable in the preparation of boronic esters and acids—important intermediates in Suzuki-Miyaura cross-coupling reactions, widely used in pharmaceutical and agrochemical synthesis. Also employed in the development of functional materials and in some polymer modification processes due to its ability to form stable boronate esters with diols.