Used as an intermediate in pharmaceutical synthesis, particularly in the development of kinase inhibitors and other biologically active compounds. Its boronate ester group enables participation in Suzuki-Miyaura cross-coupling reactions, allowing for the formation of carbon-carbon bonds in complex molecule assembly. The tetrahydropyranyl (THP) protecting group enhances stability during synthetic steps and can be removed under mild acidic conditions when needed. This compound is valuable in medicinal chemistry for constructing indazole-based drug candidates with potential applications in cancer therapy and inflammatory diseases.