This chemical is primarily used in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its structure makes it a valuable building block for creating conjugated polymers and small molecules, which are essential for efficient charge transport and light emission in these devices. The compound is often employed in the synthesis of low-bandgap materials, which are crucial for improving the efficiency of solar cells by absorbing a broader range of sunlight. Additionally, its boron-containing groups facilitate cross-coupling reactions, enabling the construction of complex organic frameworks with tailored electronic properties. This makes it a key component in advancing next-generation flexible and lightweight electronic devices.