This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key reagent for forming carbon-carbon bonds. Its anthracene core and boronic acid group make it effective in creating complex organic molecules, especially in the pharmaceutical industry for developing drug candidates. Additionally, it is utilized in material science for synthesizing organic semiconductors and luminescent materials, which are essential in optoelectronic devices like OLEDs. Its stability and reactivity also make it suitable for research in polymer chemistry and advanced material design.