This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of biologically active compounds, including drug candidates. Additionally, it finds applications in materials science, where it contributes to the creation of organic electronic materials, such as OLEDs and polymers, due to its fluorene-based structure, which enhances stability and optoelectronic properties.