Used primarily in cross-coupling reactions, this compound serves as a key building block in the synthesis of pharmaceuticals and agrochemicals. Its boron-containing group enables efficient Suzuki-Miyaura coupling, allowing the formation of biaryl and heteroaryl structures commonly found in active drug molecules. It is also employed in materials science for constructing conjugated systems in organic electronics, such as OLEDs and sensors, due to its stable pyrazole and pyridine moieties that facilitate electron transport. The compound’s reactivity and selectivity make it valuable in medicinal chemistry for rapid library synthesis during drug discovery.