Used as an intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biologically active indazole derivatives. Commonly employed in pharmaceutical research to construct complex molecules, especially kinase inhibitors and other drug candidates. The boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in late-stage functionalization during drug development. Stable and compatible with a wide range of functional groups, it supports high-yielding, selective transformations in medicinal chemistry.