This compound is primarily utilized in organic synthesis and medicinal chemistry due to its boronic acid functional group, which enables it to participate in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed to form carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Its cyclopropyl and imidazole groups contribute to its potential as a building block in drug discovery, particularly in the development of bioactive compounds targeting enzymes or receptors. Additionally, its structural features make it a candidate for use in materials science, such as in the creation of advanced polymers or sensors.