This compound is primarily utilized in organic synthesis, particularly in the preparation of cyclopropane derivatives. It serves as a key intermediate in the construction of complex molecules, especially in the pharmaceutical industry where cyclopropane rings are often incorporated into drug candidates to enhance stability and bioactivity. The boronic acid group in the molecule allows for efficient cross-coupling reactions, such as Suzuki-Miyaura couplings, which are widely used to form carbon-carbon bonds. Additionally, its ethoxycarbonyl groups provide versatility for further functionalization, making it a valuable building block in medicinal chemistry and material science. Its applications also extend to the development of agrochemicals and fine chemicals, where precise molecular architecture is crucial.