Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of pharmaceuticals and agrochemicals. Its boronate ester group enables efficient carbon-carbon bond formation under mild conditions. Commonly applied in the preparation of biaryl derivatives, especially in drug discovery and development of functional materials. The imidazole ring enhances coordination properties, making it useful in catalysis and ligand design. Also employed in the construction of complex heterocyclic systems for medicinal chemistry research.