This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in the development of organic electronic materials. Its structure, featuring both phenyl and carbazole groups, makes it suitable for applications in OLEDs (organic light-emitting diodes) and other optoelectronic devices. Additionally, it is employed in the synthesis of polymers and small molecules for use in organic semiconductors, contributing to advancements in display technologies and energy-efficient lighting solutions.