This compound 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 molecular architectures, especially in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are common in active pharmaceutical ingredients. Additionally, it finds application in material science for designing advanced organic materials with specific electronic or optical properties. Its cyclopropyl and imidazole moieties contribute to its versatility in forming structurally diverse and biologically relevant compounds.