Used as a reagent in organic synthesis, particularly in borylation reactions to introduce boron-containing groups into organic molecules. Facilitates cross-coupling reactions such as Suzuki-Miyaura coupling, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its cyclic structure enhances stability and selectivity in transformation processes, making it valuable in the preparation of complex intermediates. Also employed in materials science for the development of boron-doped organic semiconductors and functional polymers.