Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to construct biaryl compounds. Its boronate ester group enables efficient carbon-carbon bond formation, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials such as organic semiconductors and OLEDs. The benzimidazole moiety contributes to electron-transport properties, enhancing performance in optoelectronic devices.