This chemical is primarily utilized in organic synthesis and material science due to its boronic acid functional group, which enables it to participate in Suzuki-Miyaura cross-coupling reactions. These reactions are crucial for forming carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals, agrochemicals, and polymers. Additionally, its pyrazole moieties can act as ligands in coordination chemistry, facilitating the formation of metal-organic frameworks (MOFs) or catalysts. Its unique structure also makes it a candidate for developing advanced materials with specific electronic or optical properties.