This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, enabling the formation of carbon-carbon bonds with high efficiency and selectivity. Its boronic acid group is essential for coupling with aryl halides, making it valuable in the synthesis of complex organic molecules, including potential drug candidates. Additionally, it may be employed in the development of sensors or materials due to its ability to interact with diols and other functional groups. Its cyclopropyl moiety can impart unique steric and electronic properties, influencing the reactivity and stability of the final products.