This chemical is primarily utilized in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs). Its structure, featuring a carbazole core with a phenyl group and a dioxaborolane moiety, makes it an effective material for electron transport and emissive layers in OLED devices. The compound's ability to facilitate efficient charge transfer and its thermal stability contribute to enhanced device performance, including improved brightness and longevity.

Additionally, it is employed in the synthesis of organic semiconductors and as a building block in the creation of advanced materials for optoelectronic applications, as well as in pharmaceutical synthesis. Its boronate ester group allows for further functionalization, making it versatile in polymer chemistry and cross-coupling reactions such as the Suzuki-Miyaura reaction, which are essential for designing novel materials with tailored properties.