This chemical is primarily utilized in the field of organic synthesis and material science due to its unique structural properties. It serves as a key building block in the development of supramolecular assemblies and coordination polymers, where its terpyridine moiety facilitates metal ion coordination. This property is particularly valuable in creating complex architectures for applications in catalysis, sensing, and optoelectronics.

Additionally, the boronic acid group in its structure enables its use in Suzuki-Miyaura cross-coupling reactions, a widely employed method for forming carbon-carbon bonds in organic synthesis. This makes it a versatile reagent in the preparation of pharmaceuticals, agrochemicals, and advanced materials.

In the realm of sensing, this compound is employed in the design of fluorescent probes and sensors for detecting specific analytes, such as sugars or metal ions, due to its ability to form reversible covalent bonds with diols and its metal-binding capabilities. Its dual functionality makes it a promising candidate for developing smart materials and responsive systems.