This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drugs and bioactive compounds. Its cyclopropyl and phenyl groups make it valuable for creating compounds with specific structural and functional properties. Additionally, it is utilized in material science for designing advanced materials and polymers. Its boronic acid group allows for precise control in chemical transformations, making it a versatile tool in research and industrial applications.