Used primarily as a key intermediate in pharmaceutical synthesis, especially in the development of kinase inhibitors and other biologically active compounds. Its boronate ester functionality makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in drug discovery programs. Commonly employed in the preparation of potential anticancer, anti-inflammatory, and antiviral agents due to its indazole core, which is known for favorable binding to various enzyme targets. Also utilized in research settings for the rapid assembly of complex molecules through palladium-catalyzed transformations.