This compound is primarily utilized in organic synthesis, particularly in the development of boron-containing molecules. It serves as a key intermediate in the preparation of boron-based inhibitors and pharmaceuticals, especially those targeting proteases and kinases. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery and material science. Additionally, it is explored in the design of enzyme inhibitors for therapeutic applications, such as cancer treatment, due to its ability to interact with biological targets. Its indole core structure also makes it relevant in the synthesis of bioactive compounds with potential applications in medicinal chemistry.