This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds between aryl or vinyl halides and boronic acids. This makes it valuable in the pharmaceutical industry for constructing complex molecules, especially in the development of drugs and bioactive compounds. Its pyrazole and tetrahydro-2H-pyran moieties contribute to its stability and reactivity, making it suitable for use in medicinal chemistry and material science. Additionally, it is employed in the synthesis of agrochemicals and fine chemicals, where precise molecular construction is essential.