This compound is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecules. It is particularly valuable in cross-coupling reactions, such as Suzuki-Miyaura couplings, where it serves as a stable organoboron reagent. Its trifluoroborate group enhances stability and solubility, making it easier to handle and store compared to other boron derivatives. The presence of the chlorophenyl moiety allows for further functionalization, enabling the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its structure is suitable for designing compounds with specific biological activities, contributing to drug discovery and development efforts.