This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic ester functional group makes it a valuable reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, where precise molecular structures are crucial. Additionally, it finds use in materials science for the synthesis of advanced polymers and organic electronic materials. The deuterium labeling (d10) in the structure can be beneficial in mechanistic studies and tracing pathways in chemical reactions.