This chemical is primarily used as a key intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in complex molecules. It is often utilized in the synthesis of active pharmaceutical ingredients (APIs) and other biologically active compounds, where the introduction of fluorine and chlorine atoms can enhance metabolic stability and binding affinity. Additionally, it finds applications in material science for the preparation of advanced organic materials, such as polymers and small molecules with tailored electronic properties.