This chemical is primarily utilized in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) devices. Its structure, featuring a carbazole core and a boronate ester group, makes it an effective building block for creating conjugated polymers and small molecules. These materials are essential for enhancing charge transport properties and improving the efficiency of electronic devices. Additionally, it serves as a key intermediate in synthesizing organic semiconductors, which are crucial for flexible and lightweight electronics. Its unique properties also make it suitable for use in sensors and as a component in advanced materials research.