This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it serves as a key intermediate for constructing complex molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. The tert-butoxycarbonyl (Boc) protecting group ensures stability during reactions, while the methoxy and indole moieties contribute to its reactivity and specificity in targeting certain molecular structures. It is often employed in the development of bioactive compounds, including drug candidates, due to its ability to introduce indole-based frameworks into larger molecules.