Used primarily in organic synthesis as a boronic ester coupling partner in Suzuki-Miyaura cross-coupling reactions. Its indole scaffold with a boron-containing group enables the formation of biaryl or heteroaryl structures, which are common motifs in pharmaceuticals and agrochemicals. The presence of the methyl and dioxaborolane groups enhances stability and reactivity, making it valuable for constructing complex molecules in drug discovery and materials science. It is especially useful in the development of serotonin receptor modulators and other bioactive compounds due to the indole core’s prevalence in natural products.