Used as a key intermediate in the synthesis of pharmaceuticals, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in drug development for creating biaryl structures found in bioactive molecules. Commonly applied in research settings for designing new therapeutic agents, especially in oncology and inflammation-related drugs. The presence of chloro and propoxy substituents allows further functionalization, enhancing its versatility in medicinal chemistry.