Used in organic light-emitting diodes (OLEDs) as a key material for electron transport and emission layers, enhancing device efficiency and brightness. It is also employed in the synthesis of organic semiconductors and optoelectronic materials due to its excellent charge transport properties. Additionally, it serves as a building block in the development of advanced polymers and small molecules for photovoltaic applications, improving solar cell performance. Its boronate ester group enables versatile cross-coupling reactions, making it valuable in organic synthesis for creating complex molecular structures.