This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. It serves as a key building block for creating complex organic molecules, often in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the synthesis of drug candidates, agrochemicals, and advanced materials. Additionally, the deuterium-labeled structure can be used in mechanistic studies and isotopic labeling applications, aiding in the investigation of reaction pathways and metabolic processes.