This chemical is primarily utilized in organic synthesis as a key intermediate in the development of pharmaceutical compounds. Its structure, featuring a boronate ester group, makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in drug discovery and materials science. The presence of both chloro and fluoro substituents enhances its reactivity and selectivity, making it suitable for designing targeted molecules in medicinal chemistry. Additionally, it is used in the synthesis of agrochemicals and advanced materials, where precise molecular modifications are required for specific functional properties.