This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its structure, featuring two boronate ester groups, makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceutical and material science research. The compound is often employed in the development of biologically active compounds, such as drug candidates, due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, it is used in the synthesis of advanced materials, including polymers and organic electronic components, where precise molecular architecture is required. Its stability and reactivity under mild conditions make it a preferred choice in various catalytic processes.