This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for introducing the cyclopropyl-furan moiety into more complex molecules, enabling the construction of diverse organic frameworks. Its application is significant in pharmaceutical research, where it aids in the development of novel drug candidates by facilitating the formation of carbon-carbon bonds. Additionally, it is employed in material science for the synthesis of advanced materials with tailored properties. The boronic acid group in the molecule enhances its reactivity and selectivity, making it a valuable tool in precision chemical transformations.