This compound is widely utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it serves as a key building block for creating complex organic molecules. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the pharmaceutical industry for synthesizing drug candidates and bioactive compounds. Additionally, it is employed in material science for developing organic electronic materials, such as OLEDs and conductive polymers, due to its ability to introduce indole moieties into larger molecular frameworks. Its versatility also extends to agrochemical research, where it aids in the design of novel pesticides and herbicides.