Used as a reagent in organic synthesis, particularly in the preparation of boron-containing compounds. It serves as a catalyst or intermediate in various chemical reactions, including esterifications and transesterifications. Applied in the production of specialty chemicals, where it acts as a stabilizing agent or modifier. Utilized in the development of polymers and resins, enhancing their thermal and mechanical properties. Also employed in the synthesis of pharmaceuticals and agrochemicals, converting to the creation of active ingredients. In materials science, it aids in the fabrication of advanced coatings and adhesives, improving their performance and durability.