This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating biaryl structures. Additionally, it is utilized in material science for designing advanced polymers and organic electronic materials. Its cyclopropyl group adds steric and electronic properties that can influence the reactivity and stability of the final products.