This compound is primarily utilized in advanced materials research, particularly in the development of organic light-emitting diodes (OLEDs) and other optoelectronic devices. Its unique structure, incorporating fluorine and iodine atoms, makes it highly effective as a luminescent material, offering excellent photophysical properties such as high quantum yield and stability. It is also explored for use in fluorescence imaging and sensing applications due to its strong emission characteristics. Additionally, its boron-containing framework is of interest in the synthesis of novel organic semiconductors, contributing to the advancement of flexible electronics and energy-efficient display technologies.