This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of biaryl compounds. Additionally, it finds application in the development of bioactive compounds, where the cyclopropylmethoxy group can influence the molecule's pharmacological properties. Its use is also seen in material science for creating advanced polymers and functional materials.