[guided]Fix $i,j,k,l \in \{1,\dots,n\}$. The component formula for $Q(R)_{ijkl}$ contains three sums over the contracted indices $p$ and $q$, so we isolate them. Define
\begin{align*}
A_{ijkl} := \sum_{p,q=1}^n R_{ipkq}R_{jplq}.
\end{align*}
Define
\begin{align*}
B_{ijkl} := \sum_{p,q=1}^n R_{iplq}R_{jpkq}.
\end{align*}
Define
\begin{align*}
D_{ijkl} := \sum_{p,q=1}^n R_{ijpq}R_{klpq}.
\end{align*}
The point is that each of these is an ordinary dot product of two vectors indexed by the finite set $\{1,\dots,n\}^2$. For example, define two vectors $u,v \in \mathbb{R}^{n^2}$ by $u_{pq} := R_{ipkq}$ and $v_{pq} := R_{jplq}$. Then $A_{ijkl}=\sum_{p,q=1}^n u_{pq}v_{pq}$. By the Cauchy-Schwarz Inequality applied in the finite-dimensional Euclidean space $\mathbb{R}^{n^2}$,
\begin{align*}
|A_{ijkl}|
\le
\left(\sum_{p,q=1}^n u_{pq}^2\right)^{1/2}
\left(\sum_{p,q=1}^n v_{pq}^2\right)^{1/2}.
\end{align*}
Substituting $u_{pq}=R_{ipkq}$ and $v_{pq}=R_{jplq}$ gives
\begin{align*}
|A_{ijkl}|
\le
\left(\sum_{p,q=1}^n R_{ipkq}^2\right)^{1/2}
\left(\sum_{p,q=1}^n R_{jplq}^2\right)^{1/2}.
\end{align*}
Each displayed sum is a partial sum of the full squared tensor norm
\begin{align*}
|R|^2=\sum_{a,b,c,d=1}^n R_{abcd}^2.
\end{align*}
Therefore both factors are at most $|R|$, and hence
\begin{align*}
|A_{ijkl}| \le |R|^2.
\end{align*}
Now estimate $B_{ijkl}$ without suppressing the indices. Define two vectors $s,t \in \mathbb{R}^{n^2}$ by $s_{pq}:=R_{iplq}$ and $t_{pq}:=R_{jpkq}$. Then $B_{ijkl}=\sum_{p,q=1}^n s_{pq}t_{pq}$, so the Cauchy-Schwarz Inequality in $\mathbb{R}^{n^2}$ gives
\begin{align*}
|B_{ijkl}|
&\le
\left(\sum_{p,q=1}^n R_{iplq}^2\right)^{1/2}
\left(\sum_{p,q=1}^n R_{jpkq}^2\right)^{1/2}
\le |R|^2,
\end{align*}
because both sums are partial sums of $\sum_{a,b,c,d=1}^n R_{abcd}^2$.
Finally estimate $D_{ijkl}$. Define two vectors $m,r \in \mathbb{R}^{n^2}$ by $m_{pq}:=R_{ijpq}$ and $r_{pq}:=R_{klpq}$. Then $D_{ijkl}=\sum_{p,q=1}^n m_{pq}r_{pq}$, and Cauchy-Schwarz gives
\begin{align*}
|D_{ijkl}|
&\le
\left(\sum_{p,q=1}^n R_{ijpq}^2\right)^{1/2}
\left(\sum_{p,q=1}^n R_{klpq}^2\right)^{1/2}
\le |R|^2,
\end{align*}
again because both factors are bounded above by $|R|$.[/guided]