This chemical is primarily utilized in organic synthesis as a versatile reagent for borylation reactions. It facilitates the introduction of boron groups into organic molecules, which is a key step in the formation of carbon-boron bonds. These bonds are crucial in various cross-coupling reactions, such as Suzuki-Miyaura coupling, which is widely used in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in asymmetric synthesis due to its chiral pinanediolato ligands, enabling the production of enantiomerically pure compounds. Its stability and reactivity make it a valuable tool in the development of complex organic molecules.