This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key building block for the construction of complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with various aryl halides, facilitating the creation of biaryl structures. This is particularly valuable in the synthesis of drug candidates, where precise molecular architecture is crucial for biological activity. Additionally, its pyrazole and pyridine moieties contribute to its potential in designing molecules with specific binding properties, making it useful in medicinal chemistry for targeting enzymes or receptors.