Used as a key intermediate in pharmaceutical synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to develop biologically active compounds. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in the preparation of indazole-based drug candidates. Commonly applied in research for anticancer, antiviral, and kinase inhibitor development. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to its ability to modify molecular frameworks.