This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures. Additionally, it is employed in the synthesis of biologically active compounds, including potential drug candidates targeting various diseases. Its pyrazole moiety further enhances its utility in designing molecules with specific binding properties or biological activities.