Used as a reagent in organic synthesis, particularly in hydroboration reactions to form organoboron compounds. It is applied in the preparation of complex organic molecules, including pharmaceuticals and fine chemicals. The solution is also utilized in catalytic processes and as a reducing agent in specific chemical transformations. Its ability to selectively react with alkenes and alkynes makes it valuable in creating stereospecific products. Additionally, it is employed in research and development for exploring new synthetic pathways and optimizing reaction conditions.