This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex molecules, especially in pharmaceutical research and development. It is often employed in the synthesis of indazole derivatives, which are important scaffolds in drug discovery due to their biological activity. The tert-butyl group enhances stability and solubility, facilitating handling and reactivity in various synthetic processes. Additionally, it is used in the preparation of bioactive compounds, including potential therapeutic agents targeting cancer, inflammation, and other diseases. Its role in creating carbon-carbon bonds is crucial for developing novel organic materials and fine chemicals.