This chemical is primarily utilized in the field of organic electronics and materials science due to its unique properties. It serves as a key building block in the synthesis of organic semiconductors, which are essential components in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) devices. Its structure allows for efficient π-conjugation and electron transport, making it suitable for use in light-emitting layers and charge transport materials. Additionally, it is employed in the development of advanced polymers and small molecules for optoelectronic applications, contributing to improved device performance and stability. Its boronate ester groups also make it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions, facilitating the creation of complex organic frameworks for various research and industrial purposes.