Used in organic synthesis as a key building block for creating boron-containing polycyclic aromatic compounds. Commonly employed in Suzuki-Miyaura cross-coupling reactions to construct extended π-conjugated systems for optoelectronic materials. Applied in the development of fluorescent sensors due to its inherent fluorescence and ability to bind diols, making it useful for detecting sugars and other biological molecules. Also utilized in the fabrication of organic semiconductors and luminescent materials for OLEDs and molecular probes in bioimaging. Its planar aromatic structure facilitates strong π-π stacking, beneficial for designing functional materials in supramolecular chemistry.