This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially those involving carbazole and biphenyl structures. These molecules are often incorporated into materials for organic light-emitting diodes (OLEDs) due to their excellent charge-transport properties and stability. Additionally, it finds applications in the development of advanced polymers and liquid crystals, which are used in display technologies and optoelectronic devices. Its boronic acid group enables efficient conjugation with other organic frameworks, making it valuable in designing functional materials with tailored electronic and photonic properties.