This chemical is primarily utilized in organic synthesis and materials science due to its unique structure and reactivity. It serves as a key intermediate in the preparation of advanced organic compounds, particularly in the development of organic electronic materials. Its boronic acid groups enable it to participate in Suzuki-Miyaura cross-coupling reactions, which are widely used to construct complex molecules for applications in pharmaceuticals, polymers, and optoelectronic devices. Additionally, its anthraquinone-based core contributes to its potential use in dye synthesis and as a building block for designing fluorescent or colorimetric sensors. Its structural features also make it a candidate for research in supramolecular chemistry, where it can be used to create self-assembled materials with specific functionalities.