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 the pharmaceutical industry where it is utilized to develop drug candidates. Its boronic acid group allows it to form stable bonds with various organic compounds, making it valuable in the synthesis of biologically active molecules. Additionally, it finds application in material science for the development of advanced materials with specific electronic or structural properties. The deuterium labeling (d10) in the compound makes it useful in isotopic labeling studies, aiding in the tracking and analysis of chemical reactions and metabolic pathways.