This chemical is primarily utilized in the development of advanced materials, particularly in the creation of organic frameworks and coordination polymers. Its unique structure, featuring boron and bipyridine moieties, makes it suitable for applications in molecular recognition and sensing. It is often employed in the design of sensors for detecting specific ions or molecules due to its ability to form stable complexes. Additionally, it plays a role in the synthesis of porous materials used for gas storage or separation processes. Its ionic nature also makes it a candidate for use in electrochemistry, particularly in the development of electrolytes or redox-active materials for energy storage systems.