This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its deuterated form (d8) is particularly valuable in research involving isotopic labeling, facilitating studies in reaction mechanisms, metabolic pathways, and molecular interactions. Additionally, it finds application in the synthesis of complex organic molecules, including heterocyclic compounds, which are often used in drug discovery and material science.