Used as a reagent in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. Its boron-based structure facilitates mild and selective transformations, making it valuable in pharmaceutical and agrochemical manufacturing. The presence of a hydroxymethyl group enhances solubility and can direct regioselectivity in coupling processes. Suitable for constructing biaryl compounds and complex aromatic systems under palladium catalysis.