This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent. Its structure, featuring a cyclopropyl group and a methoxycarbonyl substituent, makes it valuable for constructing complex molecules, especially in pharmaceutical research and development. The compound is often employed to introduce specific functional groups into target molecules, aiding in the creation of drugs or bioactive compounds. Additionally, its boronic acid moiety is useful in sensor development and materials science, where it can interact with diols or other analytes for detection purposes.