Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, especially in pharmaceutical and agrochemical research. The boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable for constructing biaryl and heterobiaryl systems. Its amide functionality provides a handle for further derivatization or incorporation into larger molecular frameworks. Due to the stability and reactivity profile, it is favored in late-stage functionalization during drug discovery.