This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables it to act as a key intermediate in the formation of carbon-carbon bonds, which is essential for constructing complex organic molecules. It is often employed in the development of pharmaceuticals, where it aids in the synthesis of active pharmaceutical ingredients (APIs) and other biologically active compounds. Additionally, its deuterated isopropyl group can be valuable in isotopic labeling studies, providing insights into reaction mechanisms and metabolic pathways in drug development and research.