This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid derivative, enabling the formation of carbon-carbon bonds in the construction of complex organic molecules. Its deuterated form enhances its use in isotopic labeling studies, aiding in the tracking and analysis of reaction mechanisms and molecular interactions. Additionally, it finds application in pharmaceutical research for the development of drug candidates, where precise molecular modifications are crucial. Its stability and reactivity make it a valuable tool in the synthesis of aromatic compounds and heterocycles.