This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate. Its boronate ester group enables efficient formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of biologically active compounds, such as inhibitors or modulators for various enzymes and receptors, due to its pyrazole moiety. Its applications also extend to material science, where it contributes to the synthesis of organic electronic materials and polymers.