Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biologically active compounds, particularly in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in the development of complex heterocyclic systems. Commonly employed in medicinal chemistry for constructing pyrrolopyridine scaffolds, which are found in kinase inhibitors and other therapeutic agents. Also utilized in materials science for creating conjugated organic molecules with optoelectronic properties.