Widely used in organic synthesis, particularly in palladium-catalyzed cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key building block for constructing biaryl and heteroaryl systems found in pharmaceuticals and agrochemicals. The boronate ester group enables efficient and selective bond formation under mild conditions, making it valuable in drug discovery and development. Its indole core is common in bioactive molecules, allowing this compound to contribute to the synthesis of potential therapeutic agents targeting various diseases. It is also employed in materials science for creating conjugated systems used in organic electronics.