This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group makes it a valuable reagent for forming carbon-carbon bonds, which is essential in constructing complex organic molecules. It is often employed in pharmaceutical research for the development of drug candidates, especially in the synthesis of bioactive compounds containing aryl or heteroaryl structures. Additionally, its cyclopropyl and tert-butoxycarbonyl (Boc) groups contribute to its stability and specificity in targeted chemical transformations, making it useful in medicinal chemistry and materials science.