This compound is primarily 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 and agrochemical industries. Its boronic acid group facilitates the formation of carbon-carbon bonds, enabling the synthesis of various biaryl compounds. These compounds are often explored for their potential therapeutic properties, such as anti-inflammatory, anti-cancer, or antimicrobial activities. Additionally, it is utilized in material science for developing organic electronic materials and polymers. Its cyclopropyl group adds steric and electronic effects, enhancing the diversity of synthesized products.