This compound is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for creating complex molecules, especially in the pharmaceutical industry, where it helps in the synthesis of active pharmaceutical ingredients (APIs). Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing aromatic compounds. Additionally, it is utilized in material science for developing organic electronic materials and polymers. Its halogen-substituted aromatic structure also makes it suitable for designing agrochemicals and dyes.