This chemical is primarily used as a key intermediate in organic synthesis, particularly in the development of pharmaceuticals and bioactive compounds. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery and materials science. Additionally, the imidazole moiety in its structure enhances its potential in designing molecules with specific biological activities, such as enzyme inhibitors or receptor modulators. It is also explored in the creation of fluorescent probes and sensors due to its ability to interact with various biomolecules. Its applications extend to agrochemical research, where it serves as a building block for developing novel pesticides or herbicides.