Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, where it facilitates the formation of carbon-carbon bonds, enabling the creation of complex organic molecules. This compound is also employed in the development of materials for organic electronics, such as organic light-emitting diodes (OLEDs) and organic photovoltaics, due to its ability to modify the electronic properties of conjugated systems. Its cyclopropyl group adds steric and electronic effects, making it useful in designing molecules with specific reactivity and stability profiles.