Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds to create complex molecules. Its cyclopropyl and boronic acid groups make it valuable for designing compounds with specific biological activities, such as enzyme inhibitors or receptor modulators. Additionally, it is employed in the development of novel materials and catalysts, contributing to advancements in chemical research and industrial applications.