This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its deuterated methoxy and methyl groups make it valuable in isotopic labeling studies, where it aids in tracking and understanding reaction mechanisms and metabolic pathways. It is also employed in pharmaceutical research for the development of deuterated drugs, which can offer improved metabolic stability and pharmacokinetic profiles. Additionally, its boronic acid functionality allows it to act as a key intermediate in the synthesis of complex organic molecules, including bioactive compounds and materials with specific electronic properties.