Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. This compound is also employed in the development of bioactive compounds and materials with potential applications in medicinal chemistry. Its cyclopropyl group can impart unique steric and electronic properties, making it useful in the design of molecules with specific biological activities. Additionally, it may be utilized in the production of advanced materials, such as polymers and liquid crystals, where its structural features can influence material properties.