Used in organic synthesis as a key intermediate for the preparation of various cyclopropane-containing compounds. It is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in the synthesis of complex molecules. This compound is also employed in the development of pharmaceuticals and agrochemicals, where the cyclopropane ring structure is often a crucial component for biological activity. Its boronic acid group facilitates efficient coupling with aryl or vinyl halides, making it a versatile building block in medicinal chemistry and material science.