Used primarily as an intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily participates in palladium-catalyzed couplings with aryl or vinyl halides, making it valuable in pharmaceutical and agrochemical research. The acetamide functionality provides stability and can act as a directing or protecting group during synthesis. It is especially useful in constructing biaryl structures found in bioactive compounds and functional materials.