This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic ester group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The pyrazole moiety in the structure can contribute to the biological activity of the final products, often enhancing their efficacy in drug discovery. Additionally, it is employed in the development of materials for organic electronics, where its structural properties can influence the performance of organic semiconductors and light-emitting diodes.