This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. Additionally, it serves as a building block in the synthesis of biologically active compounds, enabling the creation of diverse chemical structures for research and therapeutic purposes. Its cyclopropane moiety further enhances its utility by contributing to the stability and reactivity of the resulting molecules.