The document discusses ST's built-in bootloader limitations and Meprolight's decision to use a custom bootloader instead. ST's bootloader has a limited address range that can be written to, allowing only one application version to be updated. It also details the memory bank layout and boot process. The custom bootloader implementation flowchart shows establishing communication and updating the code or data. Requirements from an external application include copying a binary file to flash between set addresses and booting from bank 2.