This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its deuterated propyl group makes it valuable in isotopic labeling studies, aiding in the investigation of metabolic pathways and drug mechanisms. Additionally, it is employed in material science for the development of advanced organic materials and polymers. Its boronic acid functionality allows for precise modifications in molecular structures, enhancing the efficiency of chemical processes.