This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals and agrochemicals. The cyclopropyl and cyano substituents enhance its reactivity and selectivity, allowing for the creation of complex molecular structures. It is often employed in the development of bioactive molecules, including potential drug candidates, due to its ability to introduce specific functional groups into organic frameworks.