Used in organic synthesis as a building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid group enables efficient coupling with aryl halides, making it valuable in the development of complex indole derivatives. These derivatives are often found in bioactive molecules, including drug candidates targeting inflammation, cancer, and neurological disorders. The chloro and methyl substituents provide additional sites for further functionalization, enhancing its utility in medicinal chemistry research.