This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables it to form stable bonds with various organic compounds, making it valuable for creating carbon-carbon bonds. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Its imidazole moiety further enhances its reactivity and versatility in catalytic processes.