Used as a boron-containing reagent in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions where it acts as a stable boron source to form carbon-carbon bonds. Its sodium salt form enhances water solubility, making it suitable for reactions in aqueous or mixed solvent systems. Also employed in the development of boron-based pharmaceuticals and sensors due to its ability to participate in selective molecular recognition. Shows potential in materials science for creating boron-doped organic frameworks with unique electronic properties.