This chemical is primarily utilized in organic synthesis as a versatile intermediate, particularly in the construction of complex molecules. Its tetrahydropyran and dioxaborolane groups make it valuable in cross-coupling reactions, such as Suzuki-Miyaura reactions, which are essential for forming carbon-carbon bonds in pharmaceuticals and advanced materials. The indazole core structure is often explored in drug discovery, as it is a common scaffold in biologically active compounds, including potential anticancer and anti-inflammatory agents. The boronate ester moiety enhances its reactivity and selectivity, making it a key component in the development of targeted therapies and functional materials.