This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group serves as a key functional moiety, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, where precise molecular architecture is crucial. Additionally, it finds applications in material science for the synthesis of advanced polymers and organic electronic materials. Its cyclopropane moiety can impart unique steric and electronic properties to the final product, making it valuable in designing compounds with specific functionalities.