This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the construction of complex molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. The presence of the boronic acid group allows for efficient coupling with aryl or vinyl halides, enabling the formation of carbon-carbon bonds. Additionally, the tert-butoxycarbonyl (Boc) protecting group ensures stability during synthesis, making it a valuable tool for the preparation of indole derivatives, which are often explored for their biological activity in medicinal chemistry.