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 carbon-nitrogen and carbon-carbon bonds under mild conditions. It is especially valuable in constructing pyrazole-based heterocyclic systems, which are common motifs in bioactive molecules. Due to its stability and reactivity, it is widely employed in medicinal chemistry for the development of kinase inhibitors, anti-inflammatory agents, and antiviral drugs. Additionally, it finds use in materials science for creating functional organic molecules with optoelectronic properties.