This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of complex molecules. It serves as a key intermediate in the creation of targeted therapies, especially in the development of kinase inhibitors. These inhibitors play a crucial role in treating various cancers by blocking specific enzymes that promote tumor growth. Additionally, its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method in organic chemistry to form carbon-carbon bonds. This reaction is essential for constructing biologically active compounds and advanced materials. The deuterium-labeled ethyl groups in the compound enhance its utility in metabolic studies, allowing researchers to track and analyze drug behavior in biological systems with greater precision.