Used in Suzuki-Miyaura cross-coupling reactions to synthesize complex organic molecules, particularly in pharmaceutical and agrochemical research. The boronic acid group enables formation of carbon-carbon bonds with aryl or vinyl halides, facilitating the construction of biaryl and heterobiaryl systems. Its indazole core is a common scaffold in bioactive compounds, making this reagent valuable for developing drug candidates targeting kinases and other enzymes. Also applied in materials science for creating conjugated systems in organic electronics.