This chemical is primarily used in organic synthesis as a versatile boron-based reagent. It plays a key role in cross-coupling reactions, particularly in Suzuki-Miyaura coupling, which is widely employed in the formation of carbon-carbon bonds. Its cyclopropane structure and dioxaborolane groups make it a valuable building block for constructing complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, it is utilized in the development of advanced materials, such as polymers and organic electronic compounds, due to its ability to introduce boron functionalities into molecular frameworks. Its stability and reactivity under mild conditions make it a preferred choice in various catalytic and synthetic processes.