Used in organic synthesis as a building block for pharmaceuticals and agrochemicals, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid group enables the construction of complex indazole derivatives, which are common scaffolds in bioactive molecules. Frequently employed in drug discovery for developing kinase inhibitors and other therapeutic agents targeting cancer and inflammatory diseases. Also applied in materials science for synthesizing functional organic compounds with electronic properties.