This compound is primarily utilized in organic synthesis as a versatile building block, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester functionality makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex molecules. The tert-butyl and methyl ester groups provide stability and reactivity, facilitating selective modifications in synthetic pathways. It is often employed in the synthesis of indole derivatives, which are crucial in drug discovery due to their biological activity. Additionally, its structure allows for further functionalization, making it a key intermediate in the preparation of compounds with potential therapeutic applications.