Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient and selective coupling with aryl or heteroaryl halides under mild palladium catalysis, making it valuable in the development of complex organic molecules, particularly in drug discovery and materials science. The presence of the pyrazole ring allows for further functionalization, enhancing its utility in building bioactive scaffolds.