Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions for the synthesis of biologically active compounds, particularly in pharmaceutical and agrochemical research. Its boronate ester group enables efficient carbon-carbon bond formation under mild conditions, making it valuable in the development of novel heterocyclic systems. Commonly employed in medicinal chemistry for constructing benzimidazole-based scaffolds, which are found in drugs with antiviral, anticancer, and anti-inflammatory properties. Also utilized in materials science for designing organic semiconductors and fluorescent probes due to the electron-rich nature of the benzimidazole core.