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 presence of the boronate ester group enables efficient carbon-carbon bond formation under mild palladium-catalyzed conditions. Its amide functionality provides stability and can act as a directing or protecting group during multi-step syntheses. Due to its bifunctional nature, it is valuable in constructing biaryl and heterobiaryl systems found in bioactive compounds and functional materials.