Widely used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, particularly in pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures essential in drug development. Additionally, it is employed in the production of liquid crystals and organic electronic materials, where precise molecular architecture is critical. The chloro and fluoro substituents enhance its reactivity and selectivity, making it valuable in fine chemical synthesis and material science applications.