Used in organic synthesis as a building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid group enables coupling with aryl halides, making it valuable in the development of complex aromatic compounds. The presence of hydroxyl and dichloro substituents allows for further functionalization and enhances reactivity or binding properties in target molecules. Commonly employed in the research and development of bioactive compounds, including potential drug candidates and functional materials.