This compound is primarily used in organic synthesis as a key intermediate in cross-coupling reactions, particularly Suzuki-Miyaura coupling. It facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Its cyclopropane and boronate ester functionalities enhance its reactivity and selectivity in these transformations. Additionally, it is employed in the development of novel materials and bioactive compounds, contributing to advancements in medicinal chemistry and material science.