This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a valuable boron reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its cyclopropyl and furan moieties make it useful in the synthesis of pharmaceuticals and agrochemicals, where these structural motifs are often desired. Additionally, it is employed in the development of materials science applications, including the creation of advanced polymers and functionalized organic compounds. Its stability and reactivity make it a versatile tool in medicinal chemistry for designing drug candidates with specific biological activities.