This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronic ester reagent. Its structure, featuring a pyridin-2-ylformamide group, makes it valuable for constructing complex molecules, especially in pharmaceutical research and drug development. The compound is often employed to introduce aryl or heteroaryl groups into target molecules, enabling the synthesis of biologically active compounds. Additionally, its stability and reactivity under mild conditions make it a preferred choice for constructing carbon-carbon bonds in medicinal chemistry and material science applications.