Used in organic synthesis as a versatile reagent for cross-coupling reactions, particularly in the formation of carbon-carbon bonds. It is employed in Suzuki-Miyaura coupling reactions to introduce the cyclopropyl group into various organic molecules, making it valuable in the development of pharmaceuticals and agrochemicals. Its stability and ease of handling make it a preferred choice for constructing complex molecular structures in medicinal chemistry. Additionally, it is utilized in the synthesis of bioactive compounds and materials with potential applications in drug discovery and material science.