Used in organic synthesis as a key building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical development. Its boronate ester group facilitates efficient coupling with aryl or heteroaryl halides under palladium catalysis, making it valuable in the preparation of complex heterocyclic systems found in bioactive molecules. Commonly employed in the synthesis of kinase inhibitors and other therapeutic agents where pyrrolopyridine scaffolds are present. Also applied in materials science for constructing conjugated systems in organic electronics due to its stable and tunable electronic properties.