This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in materials science for creating advanced polymers and organic electronic materials. Its imidazole moiety also makes it valuable in coordination chemistry, where it acts as a ligand for metal complexes used in catalysis.