This chemical is widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry for developing drug candidates. Its boronate ester structure makes it valuable for introducing phenylcyclopropyl groups into target molecules, which are often explored for their bioactive properties. Additionally, it is utilized in materials science for the preparation of advanced polymers and functional materials. Its stability and reactivity make it a preferred choice in various catalytic and stoichiometric processes.