Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily participates in palladium-catalyzed couplings with aryl or heteroaryl halides, making it valuable in pharmaceutical and agrochemical research. The presence of the pyrazole ring allows for the construction of nitrogen-containing heterocycles, which are common structural motifs in bioactive compounds. It is especially useful in medicinal chemistry for developing drug candidates and functional materials where precise molecular architecture is required.