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 for creating complex organic compounds, including pharmaceuticals and agrochemicals. Its structure allows for the introduction of cyclopropyl and aryl groups into target molecules, enhancing their biological activity or stability. Additionally, it is employed in material science for the development of advanced polymers and electronic materials, where precise molecular design is crucial. Its boronic acid functional group also makes it useful in sensor technologies for detecting specific analytes.