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 in the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. The tert-butoxycarbonyl (Boc) protecting group ensures stability during reactions, while the boronic acid moiety facilitates the formation of carbon-carbon bonds. Its application is significant in the development of indole-based compounds, which are widely studied for their biological activities, including potential use in drug discovery for treating various diseases.