This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in the pharmaceutical and agrochemical industries. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of biaryl structures, which are common in many active pharmaceutical ingredients (APIs). Additionally, it is employed in the development of advanced materials, such as organic electronic compounds, due to its ability to form stable and functionalized aromatic systems. Its imidazole moiety also contributes to its use in designing molecules with potential biological activity, particularly in drug discovery for targeting enzymes or receptors.