This compound is primarily utilized in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs). Its structure makes it suitable for use as a key component in the synthesis of organic semiconductors, which are essential for creating efficient and durable OLED displays. Additionally, it serves as a building block in the preparation of advanced materials for optoelectronic applications, contributing to the enhancement of device performance in terms of brightness, color accuracy, and energy efficiency. Its boronic acid group also allows for further functionalization, enabling the creation of tailored materials for specific electronic applications.