This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it serves as a boronic acid reagent. The tert-butoxycarbonyl (Boc) protecting group on the indole nitrogen enhances the stability and selectivity of the compound during reactions. It is commonly employed in the construction of complex molecules, including pharmaceuticals and agrochemicals, where the indole moiety is a key structural component. The Boc group can be easily removed under mild acidic conditions, allowing for further functionalization of the indole ring. Its application is significant in medicinal chemistry for the development of drug candidates targeting various biological pathways.