Used primarily in organic synthesis as a boronic ester coupling partner in Suzuki-Miyaura cross-coupling reactions. Its pyrazole and nitrile functionalities make it valuable for constructing biologically active molecules, particularly in pharmaceutical and agrochemical research. The compound enables efficient formation of carbon-carbon bonds, facilitating the development of complex heterocyclic systems. It is also employed in the synthesis of functional materials and ligands for catalysis due to its stable boronate group and reactive nitrile moiety.