Used primarily in cross-coupling reactions, this compound serves as a key boronic ester reagent in Suzuki-Miyaura coupling, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its pyrazole core is valuable for constructing nitrogen-containing heterocycles, commonly found in bioactive molecules. The presence of the dioxaborolane group ensures good stability and reactivity under palladium catalysis, making it suitable for late-stage functionalization in drug discovery. It is also employed in materials science for building conjugated systems in organic electronics due to its reliable coupling efficiency and structural versatility.