This compound is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of deuterated drug molecules. Its boronic acid functional group makes it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct complex organic molecules, including potential therapeutic agents. The presence of deuterium (D) atoms in the methoxy and methyl groups enhances the metabolic stability of the resulting compounds, making it useful in the design of drugs with improved pharmacokinetic properties. Additionally, it is used in isotopic labeling studies to track and understand drug metabolism and distribution in biological systems.