This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, especially in the development of organic electronic materials. Its structure, featuring both anthracene and naphthyl groups, makes it valuable in the design of light-emitting diodes (OLEDs) and other optoelectronic devices. Additionally, it is employed in the synthesis of conjugated polymers and small molecules for use in photovoltaic cells and sensors, owing to its ability to facilitate efficient charge transfer and light absorption properties.