Used in organic synthesis as a key intermediate for producing organic light-emitting diodes (OLEDs) and other electronic materials. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex molecules. This compound is particularly valuable in the development of advanced materials for display technologies and optoelectronic devices. Its boronic acid group facilitates efficient coupling with aryl halides, making it essential in the fabrication of high-performance polymers and small molecules for electronic applications. Additionally, it is employed in research for creating fluorescent probes and sensors due to its unique photophysical properties.