Used as an intermediate in palladium-catalyzed cross-coupling reactions, particularly in the synthesis of biologically active compounds targeting kinase inhibitors and CNS agents. The boronate ester group enables Suzuki-Miyaura coupling, allowing efficient formation of carbon-carbon bonds in pharmaceutical development. Commonly employed in medicinal chemistry for constructing pyrrolopyridine scaffolds, which are found in several drug candidates due to their favorable binding properties and metabolic stability. Its protected nitrogen facilitates selective reactions at other sites, making it valuable in multi-step syntheses of complex molecules.