This chemical is primarily utilized in the field of organic synthesis, particularly as a catalyst or reagent in various chemical reactions. Its unique structure allows it to facilitate the formation of complex organic molecules, making it valuable in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in the development of advanced materials, such as polymers and coatings, where its properties enhance performance and stability. In research, it is often used to study boron-containing compounds and their interactions in different chemical processes. Its application in these areas contributes to innovations in drug discovery, material science, and industrial chemistry.