Used primarily in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key intermediate in the synthesis of biaryl and heteroaryl derivatives, which are common scaffolds in pharmaceuticals and agrochemicals. Its boronate ester group enables efficient and selective carbon-carbon bond formation under mild conditions. Due to the presence of the nicotinamide moiety, it is particularly valuable in the development of nitrogen-containing bioactive molecules, including drug candidates targeting kinases and other enzymes. It is also employed in materials science for constructing conjugated systems in organic electronics.