This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing aromatic compounds with specific functional groups. Additionally, its unique structure, featuring a cyclopropyl group, allows for the creation of molecules with enhanced stability and biological activity. This chemical is also employed in the development of advanced materials, where its properties contribute to the design of novel polymers and catalysts.