This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, often in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for synthesizing biaryl compounds, which are essential in drug development and material science. Additionally, it may be used in the preparation of intermediates for active pharmaceutical ingredients (APIs) or fine chemicals, contributing to the production of medications and specialty compounds. Its chloro and methoxy substituents further enhance its reactivity and selectivity in various synthetic pathways.