This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a key intermediate for constructing complex molecules. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and drug candidates, especially in medicinal chemistry research. Its cyclopropyl moiety often imparts unique steric and electronic properties, enhancing the specificity and efficacy of the resulting molecules.