Used as an intermediate in palladium-catalyzed cross-coupling reactions, particularly in the synthesis of pharmaceutical compounds. Its boronate ester group enables Suzuki-Miyaura coupling, allowing for the formation of carbon-carbon bonds with aryl or heteroaryl halides. This makes it valuable in constructing complex indazole-based structures commonly found in bioactive molecules and drug candidates. Commonly employed in medicinal chemistry for the development of kinase inhibitors and other therapeutic agents.