This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its structure, featuring a boronate ester group, makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is crucial in the development of pharmaceuticals, particularly in creating complex molecules for drug discovery and development. The presence of the indazole core further enhances its utility in designing compounds with potential therapeutic applications, such as kinase inhibitors or anti-cancer agents. Additionally, the tert-butyl carboxylate group provides stability and facilitates further chemical modifications, making it a versatile building block in organic synthesis.