Used in organic synthesis as a key intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. This reaction is widely applied in pharmaceutical research for creating carbon-carbon bonds, enabling the development of new drug candidates. Its boronic acid group facilitates the formation of biaryl structures, which are common in active pharmaceutical ingredients. Additionally, it is utilized in material science for designing organic electronic materials and polymers. Its imidazole moiety provides versatility in coordination chemistry, making it useful in catalysis and ligand design.