This compound is primarily utilized in the field of organic electronics, particularly in the development of organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its structure, featuring carbazole and boronate ester groups, makes it an effective building block for creating conjugated polymers and small molecules. These materials are essential for charge transport layers in OLEDs, enhancing device efficiency and stability. Additionally, it serves as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex organic molecules for advanced materials research. Its unique properties also make it suitable for use in sensors and optoelectronic devices, where precise control over electronic properties is crucial.