Used as a key intermediate in pharmaceutical synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to develop biologically active compounds. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in the preparation of indazole-based drug candidates. Commonly applied in research for developing kinase inhibitors and oncology-related therapeutics. Also utilized in medicinal chemistry for structure-activity relationship (SAR) studies due to the indazole core’s ability to mimic purine bases in biological systems.