Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its boronic acid group makes it highly reactive and selective in these reactions. Additionally, it is employed in the development of advanced materials, such as polymers and liquid crystals, due to its ability to modify molecular structures. Its halogenated aromatic ring also makes it useful in the study of halogen interactions in chemical processes.