This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables it to act as a key reagent in forming carbon-carbon bonds, making it valuable in the development of pharmaceuticals and complex organic molecules. It is often employed in the synthesis of biologically active compounds, including potential drug candidates, due to its ability to introduce cyclopropyl and piperidinyl moieties into target molecules. Additionally, it serves as a building block in medicinal chemistry for designing molecules with specific structural and functional properties.