This compound is primarily used in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs). It serves as a key building block in the synthesis of advanced organic semiconductors due to its ability to facilitate efficient charge transport and light emission. Its boronic acid group allows for versatile cross-coupling reactions, making it valuable in creating complex conjugated systems for high-performance OLED materials. Additionally, it is employed in research to design and optimize emissive layers in display and lighting technologies, contributing to brighter, more energy-efficient devices.