Used in organic synthesis as a versatile intermediate for constructing complex molecules, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in pharmaceutical research for creating drug candidates. The cyclopropyl ring adds structural rigidity, which can enhance the stability and activity of target compounds. Additionally, its functional groups allow for further modifications, aiding in the development of agrochemicals and advanced materials.