This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in constructing complex organic molecules. Its application is significant in pharmaceutical research and development, where it aids in the synthesis of drug intermediates and active pharmaceutical ingredients (APIs). Additionally, it finds use in material science for creating advanced polymers and functional materials. The deuteration (d12) in its structure makes it valuable in studies involving isotopic labeling, particularly in mechanistic investigations and metabolic studies.