This chemical is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of complex organic molecules. It serves as a key intermediate in the preparation of deuterated compounds, which are essential for studies involving metabolic pathways and drug metabolism. The incorporation of deuterium atoms enhances the stability and bioavailability of pharmaceutical agents, making it valuable in the creation of deuterated drugs. Additionally, it is employed in Suzuki-Miyaura cross-coupling reactions, a widely used method in organic chemistry to form carbon-carbon bonds, enabling the construction of diverse molecular frameworks for drug discovery and material science applications. Its boronic acid functionality allows for precise and efficient coupling with various aryl or vinyl halides, facilitating the development of novel therapeutic agents and advanced materials.