This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the introduction of the pyrazole moiety into more complex molecules, which are often explored in pharmaceutical research. The tert-butoxycarbonyl (Boc) protecting group enhances the stability of the compound during synthetic processes, allowing for selective reactions at the boronic acid site. Its applications extend to the development of biologically active compounds, including potential drug candidates targeting various diseases. Additionally, it is used in the preparation of ligands for catalysis and materials science research, where precise molecular architecture is crucial.