This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions, where it serves as a key reagent for forming carbon-carbon bonds. Its deuterated structure makes it valuable in isotopic labeling studies, aiding in the investigation of reaction mechanisms and metabolic pathways. Additionally, it is employed in the development of pharmaceuticals and agrochemicals, where its boronic acid group enables precise modifications to complex molecules. Its stability and reactivity also make it useful in material science for creating advanced polymers and functional materials.