This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a crucial intermediate in the development of deuterated drugs, where the presence of deuterium can enhance the metabolic stability and efficacy of pharmaceutical compounds. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds, which is essential in constructing complex organic molecules. Additionally, it is employed in the synthesis of pyrimidine derivatives, which are important in the creation of various bioactive molecules, including antiviral and anticancer agents.