Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of pharmaceuticals and agrochemicals. Its boronate ester group readily reacts with aryl or heteroaryl halides under palladium catalysis, making it valuable for constructing complex pyridine-based structures. It is especially useful in medicinal chemistry for modifying heterocyclic scaffolds to develop bioactive molecules. The cyclopropoxy group can influence electronic and steric properties, enhancing selectivity or stability in final products.