Used in cross-coupling reactions, particularly in Suzuki-Miyaura coupling, to introduce the pyrazole moiety into organic molecules. This enables the synthesis of biologically active compounds, including pharmaceuticals and agrochemicals, where pyrazole derivatives are common structural motifs. The boronate ester group acts as a handle for palladium-catalyzed bond formation, making it valuable in medicinal chemistry and drug discovery for building complex heterocyclic systems. It is also employed in materials science for constructing functional organic molecules with tailored electronic properties.