This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, the presence of the chlorobenzyloxy and methyl groups can influence the reactivity and selectivity of the molecule, allowing for tailored synthesis of target compounds. It is also employed in material science for the development of advanced polymers and organic electronic materials.