Used primarily as a building block in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. This reaction enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group facilitates the coupling with aryl or vinyl halides, while the chloro and fluoro substituents offer further reactivity for functionalization. Commonly employed in the development of bioactive compounds, including potential drug candidates, due to its ability to introduce diverse structural motifs. Also utilized in material science for creating organic electronic components and polymers.