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 for constructing complex organic molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures commonly found in active pharmaceutical ingredients. Additionally, it is employed in material science for synthesizing advanced polymers and functional materials. Its cyclopropyl and methoxymethyl groups contribute to unique reactivity and stability, making it valuable in designing molecules with specific properties.