Used in organic synthesis as a labeled reagent for Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex molecules with isotopic labeling. Its isotopic labeling (13C and D3) makes it valuable in metabolic studies and drug development, allowing researchers to track and analyze biochemical pathways with precision. It is also employed in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of thiophene-based compounds. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it a versatile building block in medicinal chemistry and material science.