Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of complex organic molecules, especially in pharmaceuticals and agrochemicals. The presence of the nitro group and the boronate ester functionality allows for selective transformations, enabling the construction of biaryl and heterobiaryl systems. It is particularly valuable in medicinal chemistry for building nitrogen-containing aromatic frameworks found in active drug substances. Its stability and reactivity profile make it suitable for multi-step syntheses where chemoselectivity is required.