This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of deuterated drug molecules. Its boronic acid functional group makes it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions, which are widely employed to create complex organic compounds, including potential therapeutic agents. The presence of deuterium atoms enhances the metabolic stability of the resulting compounds, leading to improved pharmacokinetic properties. Additionally, it is used in the preparation of isotopically labeled compounds for use in mass spectrometry and NMR studies, aiding in the elucidation of drug metabolism pathways and mechanisms of action.