This compound 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 construction of complex biphenyl structures. These structures are often found in pharmaceuticals, agrochemicals, and materials science. Its chloro and boronic acid functional groups make it a versatile building block for designing molecules with specific properties, such as enhanced stability or biological activity. Additionally, it is employed in the development of organic electronic materials, where precise molecular architecture is crucial for performance.