This compound is primarily utilized in organic synthesis and pharmaceutical research due to its boronic acid group, which makes it a valuable reagent in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, enabling the synthesis of complex organic molecules, including potential drug candidates. Additionally, its imidazole and pyridine moieties contribute to its ability to act as a ligand in coordination chemistry, facilitating the development of metal-organic frameworks (MOFs) or catalysts. Its structural features also make it a potential building block for designing bioactive molecules or materials with specific electronic or optical properties.