This chemical is primarily utilized in organic synthesis, particularly in the construction of complex molecules. It serves as a key intermediate in the preparation of indole derivatives, which are widely used in pharmaceutical research and development. The compound is often employed in cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for creating biologically active compounds. Its Boc (tert-butoxycarbonyl) protecting group ensures stability during synthetic processes, while the borate moiety facilitates its reactivity in various catalytic transformations. This makes it valuable in the synthesis of drug candidates, especially those targeting neurological and oncological disorders. Additionally, it is used in the development of agrochemicals and materials science, where indole-based structures play a significant role.