This chemical 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 boronic acids and aryl or vinyl halides. This is crucial in the development of pharmaceuticals, agrochemicals, and advanced materials. Its pyrazole ring structure also makes it valuable in the design of biologically active compounds, such as enzyme inhibitors or receptor modulators, due to its ability to interact with specific protein targets. Additionally, it is employed in the synthesis of complex organic molecules for research and industrial applications, contributing to the creation of novel compounds with potential therapeutic or functional properties.