Used primarily in organic synthesis, it serves as a key intermediate in the preparation of complex molecules. Its boronic acid group enables participation in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This makes it valuable in pharmaceutical research for creating drug candidates, particularly those with aryl-aryl linkages. Additionally, its halogenated structure allows for further functionalization, enhancing its utility in developing materials with specific electronic or optical properties. Its applications also extend to agrochemicals, where it aids in the synthesis of compounds with potential pesticidal or herbicidal activity.