This compound is primarily used in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to act as a key reagent in forming carbon-carbon bonds, which is essential for constructing complex organic molecules. The deuterated isopropyl group enhances its utility in studies involving isotopic labeling, allowing researchers to track and analyze chemical processes with greater precision. It is often employed in pharmaceutical research for the development of new drugs, where its structure aids in the creation of biologically active compounds. Additionally, its stability and reactivity make it a valuable component in materials science for designing advanced polymers and other functional materials.