This chemical is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a valuable building block for creating complex molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. Its boronic acid group allows for efficient coupling with various aryl or vinyl halides, enabling the formation of carbon-carbon bonds. This makes it a crucial component in the synthesis of biologically active compounds, including potential therapeutic agents. Additionally, its deuterated form (d9) can be used in research involving isotopic labeling, helping to study metabolic pathways and drug mechanisms with greater precision.