Widely used in organic light-emitting diodes (OLEDs), this compound serves as a key intermediate in the synthesis of hole-transport materials and emissive layer components. Its boron-containing group enables efficient cross-coupling reactions, especially Suzuki-Miyaura coupling, allowing the construction of complex conjugated systems essential for high-performance optoelectronic devices. It is also employed in the development of organic semiconductors for use in thin-film transistors and photovoltaic cells due to its ability to enhance charge carrier mobility and film stability. Additionally, its structural rigidity and electronic properties make it valuable in research focused on blue-emitting materials and triplet harvesting in phosphorescent OLEDs.