Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to construct biaryl compounds which are common scaffolds in pharmaceuticals and agrochemicals. Its boronic acid group enables formation of carbon-carbon bonds under mild conditions, making it valuable in drug discovery and development of functional materials. The presence of chloro and ethyl substituents allows further functionalization or modification, enhancing its utility in building complex molecules. Commonly employed in research settings for the synthesis of potential active pharmaceutical ingredients and in the preparation of intermediates for medicinal chemistry.