Used primarily in organic synthesis as a reagent for introducing boron atoms into molecules, enabling the formation of boron-containing compounds. It is particularly valuable in the preparation of organoboron intermediates, which are essential in cross-coupling reactions like Suzuki-Miyaura coupling, a key method for constructing carbon-carbon bonds in pharmaceuticals and advanced materials. Additionally, it serves as a catalyst or co-catalyst in certain polymerization processes, contributing to the production of specialized polymers. Its role in hydroboration reactions also makes it useful for converting alkenes into organoboranes, which can be further functionalized for various applications in chemical research and industrial processes.