This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key reagent for the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its cyclopropane rings contribute to unique steric and electronic properties, making it valuable in the synthesis of pharmaceuticals and agrochemicals. Additionally, it is employed in the development of advanced materials, including polymers and liquid crystals, due to its ability to introduce cyclopropane moieties into target structures. Its boronic acid group also allows for further functionalization, enhancing its versatility in chemical transformations.