Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely employed method for forming carbon-carbon bonds. This makes it valuable in constructing complex molecules, particularly in drug discovery and development. It is often utilized in the synthesis of heterocyclic compounds, which are prevalent in many therapeutic agents. Additionally, its chloro and methoxy substituents can influence the reactivity and selectivity of the molecule, making it versatile for tailored chemical transformations.