Used as a reagent in organic synthesis, particularly in the borylation of aryl and vinyl halides, enabling the formation of carbon-boron bonds. This is crucial in the preparation of intermediates for pharmaceuticals and agrochemicals. It also serves as a catalyst or co-catalyst in various cross-coupling reactions, facilitating the creation of complex organic molecules. Its chiral structure makes it valuable in asymmetric synthesis, helping to produce enantiomerically pure compounds. Additionally, it is employed in the development of advanced materials and polymers, where precise control over molecular architecture is required.