Used primarily in cross-coupling reactions, this compound serves as a key building block in the synthesis of pharmaceuticals and agrochemicals. Its boron-containing group enables efficient Suzuki-Miyaura coupling, allowing the formation of carbon-carbon bonds with aryl or heteroaryl halides. This makes it valuable in drug discovery for constructing complex heterocyclic systems, particularly in the development of bioactive molecules targeting central nervous system disorders and inflammatory diseases. It is also employed in materials science for creating organic semiconductors and fluorescent probes due to the inherent photophysical properties of the imidazo[1,2-a]pyridine core.