This chemical is primarily utilized in organic electronics and material science due to its unique properties. It serves as a key intermediate in the synthesis of conjugated polymers and small molecules, which are essential components in organic light-emitting diodes (OLEDs) and organic photovoltaic (OPV) devices. Its boron-containing structure allows for efficient cross-coupling reactions, enabling the creation of complex organic frameworks with tailored electronic properties. Additionally, it is employed in the development of sensors and optoelectronic materials, where its ability to facilitate charge transport and light absorption is highly valued. Its application extends to research in advanced materials for energy conversion and storage, making it a significant compound in the field of sustainable technologies.