Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the production of agrochemicals, where it serves as a building block for creating compounds with herbicidal or insecticidal properties. Additionally, it finds application in material science for the development of advanced polymers and organic electronic materials. Its cyclopropyl group contributes to the stability and unique reactivity of the final products.