This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are common in active pharmaceutical ingredients (APIs). Additionally, its pyrazole moiety can contribute to the biological activity of the final compounds, making it valuable in drug discovery and development. Its applications also extend to materials science, where it is used in the synthesis of organic electronic materials and polymers.