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 alkyne-functionalized amide moiety allows further modification via click chemistry, enabling rapid diversification in drug discovery and materials science. Due to its dual functionality, it is widely employed in the development of bioactive compounds and functional polymers.