This chemical is primarily used in organic synthesis as a key intermediate in the preparation of complex molecules, particularly in pharmaceutical research. It is often employed in cross-coupling reactions, such as Suzuki-Miyaura coupling, due to the presence of the boronate ester group, which facilitates the formation of carbon-carbon bonds. This makes it valuable in the development of biologically active compounds, including potential drug candidates. Additionally, its indole core structure is significant in the synthesis of compounds with potential therapeutic applications, such as anti-inflammatory, anticancer, or antiviral agents. The tert-butyl group provides stability and can be selectively removed or modified in further synthetic steps.