This compound is primarily utilized in organic synthesis and pharmaceutical research as a deuterated boronic acid derivative. Its deuterated structure makes it valuable in studies involving isotopic labeling, particularly in the development of deuterated drugs, where it helps in tracking metabolic pathways and understanding drug behavior in biological systems. It is also employed in Suzuki-Miyaura cross-coupling reactions, a key method for forming carbon-carbon bonds, due to its boronic acid functional group. Additionally, its isotopic labeling aids in NMR spectroscopy, providing clearer and more precise analytical data for complex molecular structures.