Used extensively in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the construction of biaryl structures that are prevalent in many active pharmaceutical ingredients. Additionally, it is employed in the development of organic electronic materials, where precise molecular architecture is crucial for performance. The compound's halogen substituents enhance its reactivity and selectivity in various catalytic processes, making it valuable in medicinal chemistry and material science research.