Used primarily in organic electronics, this compound serves as a key intermediate in the synthesis of organic semiconductors. Its structure supports efficient charge transport, making it valuable in the development of materials for organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). The boron-containing group enables cross-coupling reactions, especially in Suzuki-Miyaura couplings, allowing chemists to build complex conjugated systems for use in optoelectronic devices. It is also employed in the preparation of host materials for blue phosphorescent OLEDs due to its favorable triplet energy and thermal stability.