This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its boronic acid group allows for efficient coupling with aryl halides, enabling the formation of complex biaryl structures. These structures are often found in active pharmaceutical ingredients (APIs) targeting various diseases. Additionally, its specific substitution pattern, including the chloro and fluorophenyl groups, makes it valuable in designing compounds with enhanced biological activity or specific binding properties. It is also utilized in material science for creating advanced organic materials with tailored electronic or optical properties.