This chemical is primarily used as a reagent in organic synthesis, particularly in the formation of carbon-boron bonds. It is highly effective in catalyzing various borylation reactions, which are essential in the development of pharmaceuticals and agrochemicals. The solution is also utilized in the preparation of boron-containing compounds, which are valuable intermediates in material science and medicinal chemistry. Its strong electrophilic properties make it suitable for activating certain substrates, enabling efficient and selective transformations in complex synthetic pathways. Additionally, it is employed in research and development for creating novel organic molecules with potential applications in drug discovery and advanced materials.