Used primarily in organic synthesis as a building block for pharmaceuticals and agrochemicals. Its boronate ester group enables Suzuki-Miyaura cross-coupling reactions, allowing the formation of carbon-carbon bonds. This makes it valuable in the development of complex indole derivatives, which are common structural motifs in bioactive molecules. Frequently employed in medicinal chemistry for the synthesis of potential drug candidates targeting various diseases, including cancer and central nervous system disorders. Also utilized in materials science for constructing functional organic molecules with electronic properties.