This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling, which is essential for creating complex organic compounds. Its boronate ester group acts as a key intermediate, enabling the formation of carbon-carbon bonds in pharmaceuticals, agrochemicals, and materials science. It is also employed in the development of bioactive molecules and drug candidates, where its structure facilitates the introduction of cyclopropyl and aromatic moieties. Additionally, it serves as a building block in the synthesis of advanced materials, including polymers and liquid crystals, due to its stability and reactivity.