This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic ester reagent, enabling the formation of carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its pyrazole and benzonitrile moieties contribute to its stability and reactivity, making it a valuable intermediate in the synthesis of complex organic molecules. Additionally, it is employed in the preparation of heterocyclic compounds, which are often found in bioactive molecules and drug candidates. Its applications extend to materials science, where it is used in the design of organic electronic materials and polymers.