This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group makes it a valuable building block for creating complex molecules, often in pharmaceutical research and development. The deuterated propoxy group enhances its utility in studies involving isotopic labeling, which is crucial for tracking and understanding metabolic pathways and drug mechanisms. It is also employed in material science for designing advanced polymers and organic electronic materials.