This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating biaryl structures, which are common in active pharmaceutical ingredients. Additionally, the pyrazole moiety in its structure contributes to its application in designing molecules with potential biological activity, such as enzyme inhibitors or receptor modulators. Its versatility makes it a useful intermediate in drug discovery and development processes.