Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biologically active compounds, particularly in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in the development of complex organic molecules. Commonly employed in medicinal chemistry for constructing drug-like scaffolds and functionalized aromatic systems. Also utilized in the preparation of fluorescent probes and materials for organic electronics due to its structural versatility and reactivity.

Additionally, the amide and 2-(dimethylamino)ethyl groups improve solubility in polar solvents and may play a role in interacting with biological targets, enhancing its potential for developing drugs with specific activities.