Used as a reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in organic synthesis. Its stability and solubility profile make it suitable for coupling with aryl and heteroaryl halides in pharmaceutical and agrochemical development. The presence of the 4-chlorobenzyl group allows for further functionalization or serves as a building block in bioactive molecule synthesis. Commonly employed in medicinal chemistry for constructing complex aromatic structures with improved reaction efficiency and reduced side products.