Used primarily in organic synthesis as a versatile reagent for the formation of boron-containing compounds. It facilitates the creation of complex molecular structures, particularly in the development of pharmaceuticals and agrochemicals. Its ability to act as a boron donor makes it valuable in cross-coupling reactions, enabling the construction of carbon-boron bonds essential for further functionalization. Additionally, it is employed in the preparation of boron-based catalysts, which are crucial in various chemical transformations, including polymerization and asymmetric synthesis. Its stability and reactivity under mild conditions make it a preferred choice in research and industrial applications.