This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in the synthesis of biologically active compounds. Additionally, it is employed in material science for creating advanced polymers and organic electronic materials. Its unique structure, combining cyclopropyl and imidazole moieties, contributes to its versatility in designing molecules with specific properties.