Used in organic synthesis as a building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Its boronic acid group facilitates coupling with aryl halides, making it valuable in creating biaryl compounds. The amide functionality adds polarity and potential for hydrogen bonding, which can improve solubility and influence biological activity in drug design. Also employed in the synthesis of sensors and functional materials due to its selective reactivity with diols and sugars.