This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic compounds, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it finds application in the development of biologically active molecules, such as kinase inhibitors, due to its structural compatibility with drug-like scaffolds. Its pyrazole moiety further enhances its utility in designing compounds with potential therapeutic properties.