This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex organic molecules. It is often employed in pharmaceutical research and development to create intermediates for drug candidates. Additionally, it is utilized in materials science for synthesizing advanced polymers and functional materials. Its deuterated form enhances its utility in NMR studies, providing clearer insights into molecular structures and reaction mechanisms.