Used 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 reacts with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research for constructing biaryl scaffolds. The acetamide functionality can act as a directing or protecting group during transformations, enhancing selectivity. It is particularly useful in medicinal chemistry for building substituted aromatic systems found in bioactive compounds.