This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to act as a key building block for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. It is also employed in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Additionally, its imidazole and pyridine moieties make it valuable in designing molecules with potential biological activity, such as enzyme inhibitors or receptor ligands.