This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key building block for constructing complex molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Additionally, it is utilized in material science for developing advanced polymers and organic electronic materials. Its pyrazole moiety further enhances its utility in designing targeted drugs and catalysts.