This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures commonly found in active pharmaceutical ingredients. Additionally, it is employed in material science for designing organic electronic materials and polymers, where its structural properties contribute to enhanced performance in applications like organic light-emitting diodes (OLEDs) or conductive polymers. Its cyclopropyl and pyridyl groups also make it a valuable building block for developing ligands in catalysis, particularly in asymmetric synthesis.