Widely used in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. Its boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in medicinal chemistry for constructing biaryl systems. The acetamide functionality enhances stability and can act as a directing or protecting group during transformations. It is particularly useful in the development of kinase inhibitors and other bioactive molecules where precise molecular architecture is critical. Its compatibility with various functional groups allows for late-stage functionalization in complex molecule synthesis.