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. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable for synthesizing biaryl compounds, which are essential in drug development. Additionally, its cyclopropyl moiety can impart unique steric and electronic properties to the final products, enhancing their biological activity or stability. It is also employed in material science for creating advanced polymers and functional materials.