This compound is primarily utilized in organic synthesis, particularly in the preparation of advanced materials and functional molecules. It serves as a key intermediate in the development of organic semiconductors and photovoltaic materials due to its electron-accepting properties and ability to form stable conjugated systems. The compound is also employed in cross-coupling reactions, such as Suzuki-Miyaura coupling, to construct complex organic frameworks for use in optoelectronic devices. Additionally, its boronate ester group makes it valuable in the synthesis of polymers and small molecules for applications in organic light-emitting diodes (OLEDs) and dye-sensitized solar cells (DSSCs). Its structural features enable fine-tuning of electronic properties, making it a versatile component in materials science research.