This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the construction of complex molecules, often in pharmaceutical research and development. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biologically active compounds. Its deuterated tert-butyl group is useful in isotopic labeling studies, aiding in metabolic and pharmacokinetic research by tracking the compound’s behavior in biological systems. Additionally, it finds applications in material science for the synthesis of advanced organic materials with specific electronic or structural properties.