Electromagnetic ultrasonic detection technology utilizes the electromagnetic coupling method to generate and receive ultrasonic waves without a couplant, which is suitable for rapid detection. However, the detection can be affected by the spatial distribution of the acoustic field and the polarization direction of the shear wave, which can result in suboptimal detection performance. The acoustic field directivity of the shear wave generated by the butterfly coil electromagnetic acoustic transducer was measured using the transmission method. The data indicate that the acoustic pressure amplitude of the shear wave is maximized along the axis of the acoustic field, thereby meeting the requirements of synthetic aperture focusing technique imaging. We used the reflection method to detect the through-hole defects and investigated the effect of shear wave polarization direction. By comparing the experimental data and imaging results, it can be concluded that higher echo amplitudes are obtained when the polarization direction of the shear wave is perpendicular to the axis of the through-hole defects. Based on the explosive reflection model, the frequency domain phase shift migration (PSM) method converts the time-domain signal to the frequency domain for processing and uses a phase-shift factor for layer-by-layer imaging. We used the PSM method to process the experimental data, which not only produced high-resolution images but also had a high computational speed.