This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of organic electronic materials, including OLEDs (Organic Light-Emitting Diodes) and other optoelectronic devices. Its carbazole moiety enhances charge transport properties, making it valuable in the development of high-performance light-emitting materials. Additionally, it is employed in the synthesis of complex organic molecules for pharmaceutical research, where its boronic acid group facilitates the formation of carbon-carbon bonds. Its unique structure also makes it suitable for use in the design of advanced polymers and coatings with specific optical or electronic characteristics.