Used in organic synthesis as a key building block for Suzuki-Miyaura cross-coupling reactions, enabling the formation of biaryl compounds important in pharmaceutical development. Its boronic acid group facilitates carbon-carbon bond formation under mild conditions, making it valuable in the preparation of drug intermediates, particularly in the synthesis of kinase inhibitors and other bioactive molecules. Commonly employed in medicinal chemistry for constructing indazole-based scaffolds, which are present in various therapeutic agents targeting cancer, inflammation, and central nervous system disorders.