This compound is primarily used in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the construction of complex molecules, especially those involving indole derivatives. The presence of the formyl group and the boronate ester moiety makes it valuable for Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. Additionally, its tert-butyl carboxylate group provides stability and facilitates selective deprotection in multi-step synthetic processes. This chemical is also employed in the synthesis of biologically active compounds, including potential drug candidates targeting various diseases. Its versatility in functional group transformations makes it a valuable tool in medicinal chemistry and material science research.