This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the construction of complex molecules through cross-coupling reactions, such as Suzuki-Miyaura coupling, due to the presence of the boronate ester group. Its structure allows for selective functionalization, making it valuable in the synthesis of biologically active compounds. Additionally, it is employed in material science for the preparation of advanced organic materials, including polymers and small molecules with potential applications in electronics and optoelectronics. The chloro and fluoro substituents enhance its reactivity and stability, contributing to its versatility in various chemical transformations.