This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a key intermediate for the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for creating advanced polymers and functional materials. Its imidazole moiety also contributes to its use in coordination chemistry, where it can form complexes with metal ions for catalytic applications.