This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The deuterated methyl and propyl groups enhance its use in isotopic labeling studies, aiding in research involving metabolic pathways and drug development. Additionally, its structure is advantageous in material science for creating advanced polymers and electronic materials.