This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in creating biologically active compounds. Additionally, it is used in material science for designing organic electronic materials and advanced polymers. Its imidazole moiety further enhances its utility in coordination chemistry, where it can act as a ligand in catalytic systems.