This is a hydroboration reaction (also called hydroboration-oxidation in some textbooks). The product is an alcohol.
Boron bonds to the less substituted carbon, and is replaced with an oxygen after the borane intermediate is treated with peroxide, resulting in an anti-Markovnikov addition.
Note that one equivalent of BH3 reacts with three equivalents of alkene; the borane intermediate is not BH2(alkyl) but rather B(alkyl)3.
