Widely used in organic synthesis, this compound serves as a key building block in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. Its boronate ester group readily reacts with aryl or heteroaryl halides in the presence of a palladium catalyst, making it valuable for constructing complex molecules in pharmaceutical and agrochemical research. It is particularly useful for introducing chlorinated pyridine moieties into target structures, which are common in bioactive compounds. Due to its stability and reactivity, it is preferred in late-stage functionalization during drug discovery and development.