Used in high-temperature applications due to its thermal stability, magnesium boride serves as a component in certain refractory materials and ceramic composites. It exhibits potential in aerospace and defense industries for manufacturing lightweight, heat-resistant parts. Research explores its use in superconductivity and as a precursor for boron-based nanomaterials. Additionally, it has been investigated for application in solid-state electronics and as a thermoelectric material owing to its unique electrical properties. Its hardness also makes it suitable for abrasive and cutting applications in industrial settings.