How fast an observable can evolve in time is answered by so-called the observable speed limit. Here, we prove a stronger version of the observable speed limit and show that the previously obtained bound is a special case of the new bound. The stronger quantum speed limit for the state also follows from the stronger quantum speed limit for observables (SQSLO). We apply this to prove a stronger bound for the entanglement rate using the notion of capacity of entanglement (the quantum information theoretic counterpart of the heat capacity) and show that it outperforms previous bounds. Furthermore, we apply the SQSLO for the rate of modular Hamiltonian and in the context of interacting qubits in a quantum battery. These illustrative examples reveal that the speed limit for the modular energy and the time required to charge the battery can be exactly predicted using the new bound. This shows that for estimating the charging time of quantum battery SQSLO is actually tight, i.e., it saturates. Our findings can have important applications in quantum thermodynamics, the complexity of operator growth, predicting the time rate of quantum correlation growth and quantum technology, in general.