Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient coupling with aryl or vinyl halides under palladium catalysis, making it valuable in the development of complex organic molecules, including bioactive compounds and functional materials. The presence of the chlorophenyl group allows for further selective transformations, enhancing its utility in multi-step synthetic routes.