This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is crucial in the development of pharmaceuticals and complex organic molecules. Its structure, featuring a pyrazole and thiazole ring, makes it valuable in designing bioactive compounds, especially in drug discovery for targeting specific enzymes or receptors. Additionally, it can be utilized in material science for creating functionalized polymers or advanced materials with tailored properties.