This chemical 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 complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing aromatic compounds and heterocycles. Additionally, it is used in research and development for creating novel compounds with potential biological activity. Its cyclopropyl group can impart unique steric and electronic properties, influencing the reactivity and stability of the final products.