Used as a reagent in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in organic synthesis. Its stability and reactivity make it valuable for constructing biaryl compounds, which are common structural motifs in pharmaceuticals and agrochemicals. The presence of both hydroxyl and chloro substituents allows for further functionalization or selective transformations in multi-step syntheses. Commonly employed in the development of drug intermediates and fine chemicals where controlled coupling is required.