Here's why:

* Polarity: Both boric acid and ethanol are polar molecules. Boric acid has a polar B-O bond, while ethanol has a polar O-H bond. This similarity in polarity allows them to interact favorably through dipole-dipole interactions.

* Hydrogen Bonding: Ethanol can form hydrogen bonds with boric acid. The hydrogen atom on the hydroxyl group of ethanol can form a hydrogen bond with the oxygen atom of boric acid.

The solubility of boric acid in ethanol is not extremely high, but it is significantly more soluble in ethanol than in water.

Note: The solubility of boric acid in ethanol can vary depending on the concentration of boric acid and the temperature.