Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex indazole derivatives with pharmaceutical relevance. Its boronate ester group facilitates carbon-carbon bond formation under mild conditions, making it valuable in drug discovery and development of bioactive molecules. Commonly employed in the preparation of kinase inhibitors and other therapeutic agents targeting cancer and inflammatory diseases. Also utilized in materials science for constructing conjugated systems in organic electronics.