This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of complex organic molecules, including pharmaceuticals and agrochemicals. The compound’s deuterium-labeled structure also makes it useful in research involving isotopic labeling, aiding in the study of reaction mechanisms and metabolic pathways. Additionally, it serves as a building block in the development of advanced materials and catalysts.