This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl or vinyl halides, making it valuable for creating carbon-carbon bonds. Additionally, it is used in material science for synthesizing advanced organic materials with specific electronic or structural properties. Its cyclopropyl moiety can impart unique steric and electronic effects, enhancing the functionality of the final product.