Widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. Its boronate ester group acts as a key coupling partner with aryl or heteroaryl halides, facilitating the construction of complex benzimidazole derivatives. These derivatives are important in pharmaceuticals and agrochemicals due to their biological activity. The compound is also employed in materials science for developing fluorescent probes and organic electronic materials, where the benzimidazole moiety contributes to electron-transport properties and stability. Its compatibility with various functional groups makes it valuable in modular synthesis and drug discovery research.