This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its cyclopropyl boronic acid structure makes it a valuable building block for creating complex organic molecules, especially in pharmaceuticals and agrochemicals. The methoxycarbonyl groups enhance its stability and reactivity, allowing for precise modifications in target molecules. It is also employed in the development of cyclopropane-containing compounds, which are significant in drug discovery due to their unique three-membered ring structure that can influence biological activity. Additionally, it serves as an intermediate in the synthesis of fine chemicals and specialty materials.