This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a versatile boronate ester reagent, enabling the introduction of the pyrazole moiety into complex organic molecules. Its stability and reactivity make it suitable for constructing pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of biologically active compounds, where the pyrazole ring is a key structural feature. The nitrile group further enhances its utility by providing a handle for further functionalization or conjugation in synthetic pathways.