This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key building block for the creation of complex molecules, often in pharmaceutical research and development. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the synthesis of biologically active compounds. Additionally, it finds applications in material science, where it is used to modify surfaces or create functionalized polymers with specific properties. Its pyrazole moiety also makes it a potential candidate for designing inhibitors or ligands in drug discovery.