Used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, to create complex molecules for pharmaceuticals and agrochemicals. Its deuterated and isotopically labeled structure aids in research involving isotopic labeling, allowing for detailed studies in metabolic pathways and drug metabolism. The compound is valuable in developing deuterated drugs, which can improve pharmacokinetic properties such as stability and half-life. Additionally, it serves as a building block in the synthesis of advanced materials and fine chemicals.