This chemical is primarily used in organic synthesis, particularly in the preparation of complex molecules through cross-coupling reactions. It serves as a key intermediate in the development of pharmaceuticals, especially in the synthesis of indole-based compounds, which are important in drug discovery. The boronic acid group enables it to participate in Suzuki-Miyaura coupling reactions, a widely used method for forming carbon-carbon bonds. Additionally, the tert-butoxycarbonyl (Boc) protecting group allows for selective deprotection during multi-step synthesis, making it valuable in the construction of biologically active molecules. Its applications are particularly relevant in the production of potential therapeutic agents targeting various diseases.