Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceutical agents. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely utilized method for forming carbon-carbon bonds. This makes it valuable in the development of complex molecules, particularly in the production of drugs targeting specific biological pathways. Additionally, it finds application in the creation of advanced materials, such as organic semiconductors, due to its ability to facilitate precise molecular assembly. Its pyrazole moiety further enhances its utility in designing compounds with potential anti-inflammatory, antimicrobial, or anticancer properties.