This compound is primarily used in organic synthesis, particularly in cross-coupling reactions, where it serves as a stable and efficient organoboron reagent. Its trifluoroborate group enhances stability and handling, making it suitable for reactions like Suzuki-Miyaura coupling, which is widely employed in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The presence of the chlorophenyl group allows for further functionalization, enabling the creation of diverse chemical structures. It is also utilized in the development of advanced materials and in medicinal chemistry for drug discovery and development.