Used as a specialized reagent in organic synthesis, particularly in the preparation of pyridine-containing compounds. Its unique structure allows for selective boron-based transformations, making it valuable in the development of pharmaceutical intermediates and functional materials. It serves as a catalyst or co-catalyst in certain cross-coupling reactions, enhancing reaction efficiency under mild conditions. Additionally, it finds use in coordination chemistry for designing metal-organic frameworks and luminescent complexes due to its ability to chelate metal ions effectively.