This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. These reactions are essential for forming carbon-carbon bonds, enabling the construction of complex organic molecules. The boronic acid group in the compound acts as a key functional group, facilitating its role as a coupling partner with aryl or vinyl halides. This makes it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its pyridine and pyrazole moieties contribute to its potential use in designing biologically active compounds, including drug candidates targeting specific enzymes or receptors. Its application is also relevant in material science for developing organic electronic components.