This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the formation of carbon-carbon bonds, enabling the construction of complex organic molecules. Its cyclopropyl group adds steric and electronic effects, making it valuable in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and catalysts, contributing to research in medicinal chemistry and material science.