This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its deuterated form enhances stability and reduces metabolic degradation, making it valuable in pharmaceutical research for developing deuterated drugs. Additionally, it is employed in material science for creating advanced organic materials and polymers with tailored properties. Its specific structure allows for precise control in synthetic pathways, contributing to high-yield and selective reactions.