This chemical is primarily utilized in organic synthesis as a versatile building block, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. The chloromethyl group further enhances its reactivity, allowing for additional functionalization or modification in complex molecular structures. It is also employed in the development of polymers and organic electronics, where precise molecular design is critical. Its stability and reactivity make it a preferred choice for researchers and industrial chemists working on innovative chemical processes.