Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex organic compounds. It serves as a key intermediate in the production of pharmaceuticals and advanced materials. Its pyrene moiety makes it valuable in fluorescence studies and sensor development, especially for detecting sugars and other biomolecules. The boronic acid group enables its use in molecular recognition and binding applications. It is also employed in the fabrication of organic electronic devices due to its conjugated structure.