Used extensively in Suzuki-Miyaura cross-coupling reactions, this compound serves as a key building block in organic synthesis. It facilitates the formation of carbon-carbon bonds, enabling the creation of complex molecules for pharmaceuticals and agrochemicals. Its boronic acid group is particularly effective in coupling with aryl halides, making it valuable in producing biaryl compounds. Additionally, it is employed in the development of advanced materials, such as organic electronics and polymers, due to its ability to introduce cyclopropyl and bromo functional groups into target structures. Its stability and reactivity make it a preferred choice in medicinal chemistry for designing drug candidates with specific biological activities.