This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate in the preparation of complex indole derivatives, which are important in pharmaceutical research and drug development. The N-Boc protecting group ensures stability during reactions, while the boronic acid moiety facilitates coupling with aryl or vinyl halides. Its application extends to the synthesis of biologically active compounds, including potential anticancer and anti-inflammatory agents. The bromo substituent on the indole ring allows for further functionalization, making it a versatile building block in medicinal chemistry.