This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key building block for creating complex organic molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for synthesizing biologically active compounds or drug intermediates. Additionally, it may be utilized in material science for designing advanced polymers or functional materials. Its deuterated form can be particularly useful in isotopic labeling studies, aiding in metabolic or mechanistic research.