This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a versatile building block for the construction of complex organic molecules, especially in the pharmaceutical and material science industries. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating bioactive compounds, polymers, and advanced materials. Additionally, it is employed in the development of heterocyclic compounds, which are essential in drug discovery and the synthesis of agrochemicals. Its imidazole moiety further enhances its utility in designing molecules with specific biological activities.