Widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key boronic ester reagent for constructing carbon-carbon bonds. Its indazole core is prevalent in pharmaceuticals, making it valuable for developing bioactive molecules and drug candidates. The presence of the methyl and borolane groups enhances stability and reactivity, allowing efficient coupling under mild conditions. It is especially useful in medicinal chemistry for assembling heterocyclic frameworks found in kinase inhibitors and other therapeutic agents.