This compound is primarily utilized in organic synthesis and material science due to its unique boronic acid functional group. It serves as a key building block in the development of advanced polymers and coordination complexes, particularly in the creation of supramolecular structures. Its ability to form reversible covalent bonds with diols makes it valuable in the design of sensors and diagnostic tools, especially for detecting sugars and other biomolecules. Additionally, it is employed in cross-coupling reactions, such as Suzuki-Miyaura coupling, to construct complex organic molecules for pharmaceuticals and agrochemicals. Its pyrrole groups further enhance its utility in the synthesis of conductive materials and organic electronics.