This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key building block for creating complex organic compounds. Its diboronic acid groups enable the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of organic electronic devices, such as OLEDs, due to its ability to facilitate the synthesis of conjugated polymers. Its stability and reactivity also make it a useful intermediate in the preparation of sensors and catalysts.