Used in organic synthesis as a versatile building block for creating complex molecules. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. Its cyclopropane ring structure adds unique reactivity and stability, making it useful in designing compounds with specific biological or chemical properties. Additionally, it serves as an intermediate in the development of boron-containing compounds for applications in medicinal chemistry and material science.