This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its structure, featuring two boronate ester groups, makes it a valuable intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and advanced materials. The compound is also employed in the synthesis of conjugated polymers and small molecules for organic electronics, including organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its stability and reactivity under mild conditions make it a preferred choice for borylation reactions, enabling the efficient introduction of boron-containing functional groups into target molecules.