This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions where it serves as a key intermediate. Its boronate ester group makes it valuable in Suzuki-Miyaura coupling, a widely used method for forming carbon-carbon bonds in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its pyrazole moiety can contribute to the development of biologically active compounds, making it relevant in drug discovery and medicinal chemistry research. The compound’s structure also allows for potential applications in material science, such as the creation of organic electronic materials or polymers with specific properties.