This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions, where it acts as a key intermediate. Its boronic acid functional group enables it to participate in Suzuki-Miyaura reactions, which are widely employed in the formation of carbon-carbon bonds. This makes it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its pyrazole moiety can contribute to the development of biologically active molecules, such as enzyme inhibitors or receptor modulators, due to its ability to interact with various biological targets. Its application extends to the field of medicinal chemistry, where it is used to create complex molecular structures for drug discovery and development.