This compound is primarily used in the field of organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for creating complex molecules, especially in pharmaceutical research and development. Its deuterated form (d11) makes it valuable in isotopic labeling studies, aiding in the tracking and analysis of chemical pathways and mechanisms. Additionally, it is employed in the synthesis of advanced materials, including polymers and liquid crystals, due to its boronic acid group, which facilitates precise molecular modifications.