Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates mild and selective coupling with aryl or heteroaryl halides, making it valuable in the development of complex organic molecules, particularly in drug discovery and materials science. The imidazole core can also act as a ligand or building block in catalysis and functional materials.