This chemical is widely used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronate ester group enables efficient coupling with aryl or vinyl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is utilized in the preparation of indole derivatives, which are important in the synthesis of bioactive compounds and natural products. Its stability and reactivity make it a preferred choice in medicinal chemistry and material science research.