This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its boronic acid group is highly reactive with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical research and the development of active pharmaceutical ingredients (APIs). Additionally, it is utilized in the production of advanced materials, such as polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular structures. Its fluorine and chlorine substituents enhance its reactivity and selectivity in various chemical transformations.