This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its fluorenyl group enhances stability and reactivity, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) and other optoelectronic devices due to its ability to modify electronic properties in conjugated systems.