This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a key intermediate for constructing complex molecules. Its boronate ester group enables efficient coupling with aryl or vinyl halides, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, its cyclopropyl moiety can impart unique structural and electronic properties to the final products, enhancing their biological activity or stability. Researchers also employ it in the synthesis of bioactive compounds, including potential drug candidates, due to its versatility and reactivity in forming carbon-carbon bonds.