Used primarily in cross-coupling reactions, this compound serves as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. The presence of the boronate ester group enables Suzuki-Miyaura coupling, allowing for the formation of carbon-carbon bonds under mild conditions. It is especially valuable in constructing complex pyrazole-based structures found in bioactive molecules. Its stability and reactivity make it suitable for use in late-stage functionalization during drug development. Additionally, it has been employed in the preparation of organic semiconductors and functional materials where precise molecular architecture is required.