Used as a specialized boron-containing reagent in organic synthesis, particularly in hydroboration reactions of alkenes. Its cyclic boron structure enhances selectivity and reactivity, enabling the formation of organoboranes that can be further functionalized. Commonly applied in the development of chiral intermediates for pharmaceuticals and fine chemicals. Also shows utility in selective reductions involving carbonyl compounds. Demonstrates value in research settings for constructing complex organic molecules due to its stability and controlled reactivity.