Used primarily in organic synthesis, this compound serves as a versatile building block for cross-coupling reactions, particularly in Suzuki-Miyaura coupling. It facilitates the formation of carbon-carbon bonds, enabling the creation of complex organic molecules. Its application is significant in pharmaceutical research, where it aids in the development of drug candidates by introducing pyrazole and aryl groups into molecular structures. Additionally, it is employed in material science for designing advanced polymers and functional materials. The boronic acid group enhances its reactivity, making it valuable for constructing diverse chemical architectures.