Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex indole derivatives. Its boronate ester group facilitates palladium-catalyzed coupling with aryl or heteroaryl halides, making it valuable in pharmaceutical and agrochemical research. It is especially useful for constructing substituted indoles, which are common structural motifs in bioactive molecules and drug candidates. Its stability and reactivity profile make it suitable for use in both academic and industrial medicinal chemistry workflows.