Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its strained cyclopropane ring and boronate ester group make it valuable for constructing substituted cyclopropanes, which are important motifs in pharmaceuticals and agrochemicals. The trans configuration offers stereoselective control during coupling, enhancing precision in drug development. It is also employed in the preparation of bioactive compounds and functional materials requiring rigid, three-membered ring systems.