This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a key intermediate in the production of complex organic compounds, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in creating biologically active molecules. Additionally, it is employed in the development of advanced materials, such as polymers and liquid crystals, due to its ability to facilitate precise molecular assembly. Its cyclopropyl group further enhances its utility in designing compounds with specific steric and electronic properties.