Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily participates in palladium-catalyzed couplings with aryl or heteroaryl halides, making it valuable in pharmaceutical and agrochemical research. It is especially useful for introducing substituted pyrazole moieties, which are common in bioactive compounds and drug candidates. Its stability and reactivity profile make it suitable for late-stage functionalization in multistep syntheses.