Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a key role in the development of active ingredients that require sterically hindered aromatic structures. Its imidazole ring and bulky aryl group make it valuable in catalysis, particularly in transition-metal-catalyzed reactions where ligand design is critical. It is also employed in the preparation of specialty chemicals requiring high thermal and chemical stability. Due to its lipophilic character imparted by the diisopropylphenyl group, it enhances membrane permeability in bioactive molecules, making it useful in medicinal chemistry for optimizing drug candidates.