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 efficient coupling with aryl halides, making it valuable in the development of complex aromatic compounds. The presence of chloro and methylthio substituents offers additional sites for further functionalization, enhancing its utility in medicinal chemistry for designing bioactive molecules. Commonly employed in research settings for the synthesis of potential drug candidates and functional materials.