Used as a key building block in Suzuki-Miyaura cross-coupling reactions, enabling the synthesis of complex imidazole-containing molecules. Its primary application lies in pharmaceutical and agrochemical research, where it facilitates the construction of biologically active compounds. The boronate ester group readily couples with aryl or heteroaryl halides, making it valuable for creating diverse molecular architectures in drug discovery. It is also employed in the development of functional materials, such as organic semiconductors and ligands for catalysis, due to its stability and reactivity profile in palladium-catalyzed transformations.