This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry where it aids in the development of drug candidates. Its deuterated ethoxy group can be advantageous in studies involving isotopic labeling, which is useful in mechanistic investigations and metabolic studies. Additionally, it finds applications in material science for the synthesis of advanced organic materials with specific electronic or optical properties.