This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. The boronate ester group in its structure makes it a valuable reagent for forming carbon-carbon bonds, which is essential in creating bioactive compounds. Additionally, it is utilized in material science for designing advanced polymers and organic electronic materials. Its cyclopropane ring contributes to the rigidity and stability of the final products, making it suitable for applications requiring precise molecular architecture.