Used in Suzuki-Miyaura cross-coupling reactions as a key building block for synthesizing complex organic molecules, particularly in pharmaceutical and agrochemical research. Its boronic acid group enables efficient carbon-carbon bond formation with aryl halides, facilitating the construction of biaryl structures. The presence of a chloro-substituted naphthyl group enhances substrate selectivity and electronic properties, making it valuable in the development of bioactive compounds and functional materials. Commonly employed in medicinal chemistry for lead optimization and library synthesis.