Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biologically active indazole derivatives. It plays an important role in pharmaceutical development, particularly in the construction of kinase inhibitors and anticancer agents. The boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in medicinal chemistry and drug discovery. Its amine functionality allows for further derivatization, enhancing its utility in creating diverse compound libraries for biological screening.