Used as a key intermediate in the synthesis of organic electronic materials, particularly in the production of OLEDs and other light-emitting devices. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex organic molecules. This compound is also utilized in the development of advanced polymers and materials for optoelectronic applications. Its boronic acid group allows for precise functionalization, making it valuable in designing materials with tailored optical and electronic properties. Additionally, it finds use in research for creating fluorescent probes and sensors due to its stable and versatile structure.