Used primarily in organic synthesis as a key building block for cross-coupling reactions, especially in Suzuki-Miyaura coupling. This compound enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and functional materials. Its indazole core is commonly found in biologically active molecules, including kinase inhibitors and other therapeutic agents. The boronate ester group provides high reactivity and stability, facilitating efficient coupling under mild conditions. It is particularly useful in medicinal chemistry for constructing complex heterocyclic systems and screening compound libraries for drug discovery.