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 pyrazole and pyridine moieties make it valuable for constructing nitrogen-containing heterocycles, commonly found in bioactive molecules. It is also employed in the development of functional materials, including organic semiconductors and ligands for catalysis. The boronate ester group allows for efficient and mild coupling with aryl halides, making it suitable for late-stage functionalization in drug discovery.