This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, the presence of the chlorobenzyloxy and methyl groups enhances its reactivity and selectivity in various chemical transformations. The varying amounts of anhydride in the compound can influence its stability and reactivity, requiring careful handling in synthetic applications.