This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of more complex molecules. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely used to form carbon-carbon bonds in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. The presence of the chloro and ester groups further enhances its reactivity, allowing for diverse chemical modifications. It is particularly useful in the development of active pharmaceutical ingredients (APIs) and fine chemicals, where precise control over molecular structure is essential. Additionally, its stability and compatibility with various reaction conditions make it a versatile building block in medicinal chemistry and material science research.