This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the preparation of complex molecules, including pharmaceuticals and agrochemicals. The presence of boronic acid and Boc-protected amino groups makes it valuable for constructing indole-based structures, which are common in bioactive compounds. Its stability and reactivity under mild conditions allow for efficient use in medicinal chemistry research, enabling the development of new drug candidates. Additionally, it is employed in the synthesis of advanced materials and polymers, where precise molecular architecture is required.