傍 is built from the 亻 (person (left)), 立, and 方 components.
It reads ボウ like 方, as do 放, 防, 訪, and 房 — learn 方 once and the family's reading comes with it.
A common word using 傍 is 傍ら (かたわら), meaning “beside(s, while, nearby”.
Kanji that look similar include 偉, 備, 偏, and 停.
