This compound is primarily used in organic synthesis as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its boronic acid functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules.

In pharmaceutical research, it serves as a building block for developing compounds with potential therapeutic properties, particularly in the creation of small-molecule drugs targeting specific biological pathways. Its cyclopropyl and chloro substituents contribute to the structural diversity and reactivity required for designing drug candidates.

Additionally, it finds application in material science for the development of organic electronic materials and polymers, where precise molecular architecture is essential for optimizing material properties. Its stability and reactivity make it a versatile tool in both academic and industrial research settings.