Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates efficient and selective coupling with aryl or heteroaryl halides under mild palladium catalysis. Commonly employed in the development of functionalized imidazole derivatives, which are important scaffolds in medicinal chemistry due to their presence in bioactive molecules and drug candidates. Also applied in materials science for constructing conjugated heterocyclic systems used in organic electronics.