This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key intermediate in the production of pharmaceuticals and agrochemicals, enabling the formation of carbon-carbon bonds. Its cyclopropyl and boronic acid groups make it valuable for creating complex molecular structures with specific properties. Additionally, it is utilized in the development of advanced materials and catalysts, contributing to innovations in drug discovery and material science.