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 complex organic molecules. Its boronic ester functionality reacts efficiently with aryl or vinyl halides under palladium catalysis, making it valuable in pharmaceutical and agrochemical research. The cyclopropane ring introduces structural rigidity, which can enhance metabolic stability and influence the biological activity of target molecules. It is particularly useful in medicinal chemistry for constructing constrained analogs in drug discovery programs.