Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biologically active compounds, particularly in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation with aryl or heteroaryl halides under palladium catalysis. The nitrile and methyl-substituted pyrazole moieties enhance binding selectivity in drug design, making this compound valuable in developing kinase inhibitors and other targeted therapies. It is also employed in the preparation of functional materials such as organic semiconductors due to its stable heterocyclic framework and electronic properties.