Used in organic synthesis as a versatile building block for creating complex molecules, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. It is valuable in pharmaceutical research for developing drug candidates, especially in modifying imidazole-based compounds. The deuterium labeling (d8) makes it useful in isotopic labeling studies, aiding in metabolic and pharmacokinetic research. Its boronic ester group enhances stability and reactivity, making it suitable for advanced chemical transformations.