This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a crucial building block for creating complex organic molecules, often used in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it finds application in the synthesis of organic electronic materials, including OLEDs and other optoelectronic devices, due to its ability to form stable conjugated systems. Its dibenzofuran moiety contributes to enhanced thermal and photochemical stability, making it suitable for high-performance materials.