This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for constructing complex aromatic systems due to its ability to introduce multiple boronic ester functional groups. Its application is prominent in the development of pharmaceuticals, agrochemicals, and advanced materials like organic semiconductors and polymers. The compound is also utilized in the synthesis of metal-organic frameworks (MOFs) and covalent organic frameworks (COFs), which are essential in gas storage, catalysis, and sensing technologies. Its stability and reactivity make it a versatile building block in modern synthetic chemistry.