This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its pyrazole moiety contributes to its use in the development of bioactive compounds, often explored in drug discovery for potential therapeutic applications. The compound's structure also lends itself to materials science, where it can be incorporated into polymers or small molecules for electronic or optoelectronic applications.