Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient coupling with aryl or heteroaryl halides under palladium catalysis, making it valuable in the development of complex organic molecules, particularly in drug discovery and materials science. The indazole core contributes to biological activity in some targets, allowing for the construction of bioactive compounds and kinase inhibitors. Commonly employed in medicinal chemistry for late-stage functionalization due to its stability and reactivity profile.