This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid functional group enables it to act as a key reagent in forming carbon-carbon bonds, which is essential in constructing complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, where it helps introduce cyclopropyl and pyrazole moieties into target molecules. These structural features are valuable in medicinal chemistry due to their potential bioactivity and ability to modulate drug properties. Additionally, it may be used in materials science for the synthesis of advanced polymers or functional materials, where precise molecular architecture is required.