This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its deuterated structure makes it valuable in isotopic labeling studies, aiding in the tracking and analysis of chemical reactions and mechanisms. It is also employed in the development of pharmaceuticals and agrochemicals, where precise control over molecular structure is critical. Additionally, its boronic ester functionality enables its use in the preparation of complex organic molecules, including polymers and materials with specific electronic properties.