Used primarily in organic synthesis, this compound serves as a key intermediate in cross-coupling reactions, such as Suzuki-Miyaura coupling, to form carbon-carbon bonds. Its boronic acid group facilitates the creation of complex organic molecules, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for synthesizing advanced polymers and organic electronic materials. Its pyrazole and pyridine moieties contribute to its utility in designing ligands for catalysis and coordination chemistry.