This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a boronic acid reagent. Its structure allows it to act as a key intermediate in the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The presence of the spirocyclic and chlorophenyl groups enhances its reactivity and selectivity in these reactions, enabling the construction of diverse molecular architectures. Additionally, its stability and compatibility with various reaction conditions make it a versatile tool in medicinal chemistry for the development of drug candidates.