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 the pharmaceutical industry, where it aids in the development of active pharmaceutical ingredients (APIs). Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating biaryl structures, which are common in many drug molecules. Additionally, it finds use in material science for synthesizing advanced polymers and organic electronic materials. Its cyclopropyl group can impart unique steric and electronic properties to the final products, enhancing their functionality.