This compound is widely used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it serves as a key building block for constructing complex molecules. Its boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. The Boc (tert-butoxycarbonyl) protecting group enhances its stability during reactions and allows for selective deprotection when needed. Additionally, its indole core is significant in the synthesis of biologically active compounds, including drug candidates targeting various diseases. Its application extends to the development of organic electronic materials due to the unique properties of the indole moiety.