This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. Its boronate ester functional group makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the synthesis of conjugated polymers, organic semiconductors, and advanced materials used in optoelectronic devices like OLEDs and solar cells. The naphthyl-anthracene moiety enhances its electronic properties, making it suitable for applications in photoluminescent materials and as a building block in the development of fluorescent dyes or probes for biological imaging. Additionally, its stability and reactivity under mild conditions make it a preferred choice in pharmaceutical research for creating novel drug candidates.