Used in organic synthesis as a key intermediate for the preparation of various indole derivatives. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. This compound is applied in pharmaceutical research for developing potential drug candidates, especially in the synthesis of bioactive indole-based compounds. Additionally, it finds use in material science for designing organic electronic materials and functional polymers. Its boronic acid group allows for versatile reactivity, making it a useful tool in medicinal chemistry and chemical biology.