This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid reagent to form carbon-carbon bonds. Its structure, featuring a boronic acid group and a chloro substituent, makes it valuable for constructing complex molecules in pharmaceutical and agrochemical research. It is often employed in the development of drug candidates, enabling the creation of diverse aromatic compounds with potential therapeutic properties. Additionally, it is utilized in material science for synthesizing organic electronic materials and polymers. Its stability and reactivity make it a versatile intermediate in various chemical processes.