Used in organic synthesis as a building block for pharmaceuticals, particularly in Suzuki-Miyaura cross-coupling reactions to form biaryl compounds. Its boronic acid group enables carbon-carbon bond formation, making it valuable in drug discovery and development. The presence of both a chloro and benzylcarbamoyl group allows for further functionalization or modification, enhancing its utility in creating complex molecules. Commonly applied in the preparation of bioactive compounds and potential therapeutic agents.