This compound is primarily utilized in research and development within the field of organic chemistry, particularly in the synthesis of complex molecules. It serves as a key intermediate in the preparation of deuterated compounds, which are essential in various studies involving isotopic labeling. Such labeling is crucial for tracking and understanding reaction mechanisms, metabolic pathways, and pharmacokinetics in pharmaceutical research. Additionally, its boronic acid functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Its deuterated form enhances the precision of analytical techniques like NMR and mass spectrometry, aiding in the detailed study of molecular structures and interactions.