Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biologically active indazole derivatives. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in pharmaceutical research, particularly in the development of kinase inhibitors and other drug candidates. The tetrahydropyranyl (THP) protecting group enhances stability and solubility during multi-step syntheses. Commonly employed in medicinal chemistry for building complex heterocyclic systems with potential anticancer, anti-inflammatory, and antimicrobial activities.