Used primarily as an intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group reacts efficiently with aryl halides under palladium catalysis, making it valuable in pharmaceutical and agrochemical research for constructing biaryl frameworks. The presence of the formamide group allows for further functionalization or serves as a directing group in subsequent transformations. Commonly employed in medicinal chemistry for library synthesis and drug discovery due to its stability and reactivity profile.