Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient and selective coupling with aryl or heteroaryl halides under palladium catalysis, making it valuable in the development of complex organic molecules. It is especially useful in medicinal chemistry for constructing pyrazole-containing scaffolds, which are common in bioactive compounds and drug candidates. The presence of the hydroxyl and pyrazole groups also allows for further functionalization, enhancing its versatility in multi-step synthetic routes.