This chemical is primarily utilized in the field of organic electronics and materials science due to its unique structural and electronic properties. It serves as a key building block in the synthesis of covalent organic frameworks (COFs), which are porous materials with high surface areas and tailored functionalities. These COFs are employed in gas storage, separation processes, and catalysis. Additionally, it is used in the development of organic semiconductors for applications in photovoltaic devices, light-emitting diodes (LEDs), and field-effect transistors (FETs). Its boronic acid groups enable efficient cross-coupling reactions, making it valuable in the creation of complex organic molecules for advanced materials.