This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its ferrocene backbone and boronate ester groups make it a valuable reagent for constructing complex organic molecules, especially in the pharmaceutical and material science industries. It is also employed in the development of polymers and catalysts due to its stability and reactivity. Additionally, its unique structure allows for applications in electrochemical sensors and molecular electronics, where precise molecular design is crucial.