This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the development of pharmaceuticals and agrochemicals. Its boronic ester group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, it is employed in the synthesis of thiophene-based materials, which are essential in organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics (OPVs). Its imidazole moiety further enhances its utility in designing biologically active compounds, including potential drug candidates targeting various diseases.