This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group is highly reactive with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical industries for synthesizing active ingredients. Additionally, it is employed in material science for creating advanced polymers and electronic materials. Its cyclopropyl and methoxycarbonyl substituents further enhance its versatility in designing molecules with specific properties.