diff --git a/CHANGELOG.md b/CHANGELOG.md
index 64fea9c27e..f0655f95d7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -29,10 +29,12 @@ should change the heading of the (upcoming) version to include a major version b
 - Fixed issue with assigning default values to formData with deeply nested required properties, fixing [#4399](/~https://github.com/rjsf-team/react-jsonschema-form/issues/4399)
 - Fixed issue error message will not be cleared after the controlled Form formData is changed. Fixes [#4426](/~https://github.com/rjsf-team/react-jsonschema-form/issues/4426)
 - Fix for AJV [$data](https://ajv.js.org/guide/combining-schemas.html#data-reference) reference in const property in schema treated as default/const value. The issue is mentioned in [#4361](/~https://github.com/rjsf-team/react-jsonschema-form/issues/4361).
+- Switched uses of `lodash.isEqual()` to `@rjsf/utils.deepEquals`.
 
 ## @rjsf/validator-ajv8
 
 - Partially fixed issue where dependency errors do not show `title` or `ui:title`. This fix only applicable if we use an ajv-i18n localizer. Ref. [#4402](/~https://github.com/rjsf-team/react-jsonschema-form/issues/4402).
+- Switched uses of `lodash.isEqual()` to `@rjsf/utils.deepEquals` at precompiledValidator.
 
 # 5.23.2
 
diff --git a/packages/utils/src/enumOptionsDeselectValue.ts b/packages/utils/src/enumOptionsDeselectValue.ts
index 1dde198c32..88384321e5 100644
--- a/packages/utils/src/enumOptionsDeselectValue.ts
+++ b/packages/utils/src/enumOptionsDeselectValue.ts
@@ -1,7 +1,6 @@
-import isEqual from 'lodash/isEqual';
-
 import { EnumOptionsType, RJSFSchema, StrictRJSFSchema } from './types';
 import enumOptionsValueForIndex from './enumOptionsValueForIndex';
+import deepEquals from './deepEquals';
 
 /** Removes the enum option value at the `valueIndex` from the currently `selected` (list of) value(s). If `selected` is
  * a list, then that list is updated to remove the enum option value with the `valueIndex` in `allEnumOptions`. If it is
@@ -22,7 +21,7 @@ export default function enumOptionsDeselectValue<S extends StrictRJSFSchema = RJ
 ): EnumOptionsType<S>['value'] | EnumOptionsType<S>['value'][] | undefined {
   const value = enumOptionsValueForIndex<S>(valueIndex, allEnumOptions);
   if (Array.isArray(selected)) {
-    return selected.filter((v) => !isEqual(v, value));
+    return selected.filter((v) => !deepEquals(v, value));
   }
-  return isEqual(value, selected) ? undefined : selected;
+  return deepEquals(value, selected) ? undefined : selected;
 }
diff --git a/packages/utils/src/enumOptionsIsSelected.ts b/packages/utils/src/enumOptionsIsSelected.ts
index a1c9fed1dd..1b555e1126 100644
--- a/packages/utils/src/enumOptionsIsSelected.ts
+++ b/packages/utils/src/enumOptionsIsSelected.ts
@@ -1,6 +1,5 @@
-import isEqual from 'lodash/isEqual';
-
 import { EnumOptionsType, RJSFSchema, StrictRJSFSchema } from './types';
+import deepEquals from './deepEquals';
 
 /** Determines whether the given `value` is (one of) the `selected` value(s).
  *
@@ -13,7 +12,7 @@ export default function enumOptionsIsSelected<S extends StrictRJSFSchema = RJSFS
   selected: EnumOptionsType<S>['value'] | EnumOptionsType<S>['value'][]
 ) {
   if (Array.isArray(selected)) {
-    return selected.some((sel) => isEqual(sel, value));
+    return selected.some((sel) => deepEquals(sel, value));
   }
-  return isEqual(selected, value);
+  return deepEquals(selected, value);
 }
diff --git a/packages/utils/src/parser/ParserValidator.ts b/packages/utils/src/parser/ParserValidator.ts
index f1b771fc39..d6411a85f7 100644
--- a/packages/utils/src/parser/ParserValidator.ts
+++ b/packages/utils/src/parser/ParserValidator.ts
@@ -1,5 +1,4 @@
 import get from 'lodash/get';
-import isEqual from 'lodash/isEqual';
 
 import { ID_KEY } from '../constants';
 import hashForSchema from '../hashForSchema';
@@ -15,6 +14,7 @@ import {
   ValidationData,
   ValidatorType,
 } from '../types';
+import deepEquals from '../deepEquals';
 
 /** The type of the map of schema hash to schema
  */
@@ -67,7 +67,7 @@ export default class ParserValidator<T = any, S extends StrictRJSFSchema = RJSFS
     const existing = this.schemaMap[key];
     if (!existing) {
       this.schemaMap[key] = identifiedSchema;
-    } else if (!isEqual(existing, identifiedSchema)) {
+    } else if (!deepEquals(existing, identifiedSchema)) {
       console.error('existing schema:', JSON.stringify(existing, null, 2));
       console.error('new schema:', JSON.stringify(identifiedSchema, null, 2));
       throw new Error(
@@ -91,7 +91,7 @@ export default class ParserValidator<T = any, S extends StrictRJSFSchema = RJSFS
    * @throws - Error when the given `rootSchema` differs from the root schema provided during construction
    */
   isValid(schema: S, _formData: T, rootSchema: S): boolean {
-    if (!isEqual(rootSchema, this.rootSchema)) {
+    if (!deepEquals(rootSchema, this.rootSchema)) {
       throw new Error('Unexpectedly calling isValid() with a rootSchema that differs from the construction rootSchema');
     }
     this.addSchema(schema, hashForSchema<S>(schema));
diff --git a/packages/utils/src/parser/schemaParser.ts b/packages/utils/src/parser/schemaParser.ts
index 70151f06a0..f7e8ffa538 100644
--- a/packages/utils/src/parser/schemaParser.ts
+++ b/packages/utils/src/parser/schemaParser.ts
@@ -1,10 +1,10 @@
 import forEach from 'lodash/forEach';
-import isEqual from 'lodash/isEqual';
 
 import { FormContextType, RJSFSchema, StrictRJSFSchema } from '../types';
-import { PROPERTIES_KEY, ITEMS_KEY } from '../constants';
+import { ITEMS_KEY, PROPERTIES_KEY } from '../constants';
 import ParserValidator, { SchemaMap } from './ParserValidator';
-import { retrieveSchemaInternal, resolveAnyOrOneOfSchemas } from '../schema/retrieveSchema';
+import { resolveAnyOrOneOfSchemas, retrieveSchemaInternal } from '../schema/retrieveSchema';
+import deepEquals from '../deepEquals';
 
 /** Recursive function used to parse the given `schema` belonging to the `rootSchema`. The `validator` is used to
  * capture the sub-schemas that the `isValid()` function is called with. For each schema returned by the
@@ -24,7 +24,7 @@ function parseSchema<T = any, S extends StrictRJSFSchema = RJSFSchema, F extends
 ) {
   const schemas = retrieveSchemaInternal<T, S, F>(validator, schema, rootSchema, undefined, true);
   schemas.forEach((schema) => {
-    const sameSchemaIndex = recurseList.findIndex((item) => isEqual(item, schema));
+    const sameSchemaIndex = recurseList.findIndex((item) => deepEquals(item, schema));
     if (sameSchemaIndex === -1) {
       recurseList.push(schema);
       const allOptions = resolveAnyOrOneOfSchemas<T, S, F>(validator, schema, rootSchema, true);
diff --git a/packages/utils/src/schema/getDefaultFormState.ts b/packages/utils/src/schema/getDefaultFormState.ts
index 7974e1b07d..e3f480cae2 100644
--- a/packages/utils/src/schema/getDefaultFormState.ts
+++ b/packages/utils/src/schema/getDefaultFormState.ts
@@ -1,15 +1,16 @@
 import get from 'lodash/get';
 import isEmpty from 'lodash/isEmpty';
+import { JSONSchema7Object } from 'json-schema';
 
 import {
+  ALL_OF_KEY,
   ANY_OF_KEY,
   CONST_KEY,
   DEFAULT_KEY,
   DEPENDENCIES_KEY,
-  PROPERTIES_KEY,
   ONE_OF_KEY,
+  PROPERTIES_KEY,
   REF_KEY,
-  ALL_OF_KEY,
 } from '../constants';
 import findSchemaDefinition from '../findSchemaDefinition';
 import getClosestMatchingOption from './getClosestMatchingOption';
@@ -33,10 +34,9 @@ import isMultiSelect from './isMultiSelect';
 import isSelect from './isSelect';
 import retrieveSchema, { resolveDependencies } from './retrieveSchema';
 import isConstant from '../isConstant';
-import { JSONSchema7Object } from 'json-schema';
 import constIsAjvDataReference from '../constIsAjvDataReference';
-import isEqual from 'lodash/isEqual';
 import optionsList from '../optionsList';
+import deepEquals from '../deepEquals';
 
 const PRIMITIVE_TYPES = ['string', 'number', 'integer', 'boolean', 'null'];
 
@@ -130,8 +130,7 @@ function maybeAddDefaultToObject<T = any>(
         if (!isEmpty(computedDefault)) {
           obj[key] = computedDefault;
         }
-      }
-      // Else store computedDefault if it's a non-empty object(e.g. not {}) and satisfies certain conditions
+      } // Else store computedDefault if it's a non-empty object(e.g. not {}) and satisfies certain conditions
       // Condition 1: If computedDefault is not empty or if the key is a required field
       // Condition 2: If the parent object is required or emptyObjectFields is not 'populateRequiredDefaults'
       else if (
@@ -276,7 +275,10 @@ export function computeDefaults<T = any, S extends StrictRJSFSchema = RJSFSchema
       experimental_dfsb_to_compute?.constAsDefaults === 'skipOneOf'
     ) {
       // If we are in a oneOf of a primitive type, then we want to pass constAsDefaults as 'never' for the recursion
-      experimental_dfsb_to_compute = { ...experimental_dfsb_to_compute, constAsDefaults: 'never' };
+      experimental_dfsb_to_compute = {
+        ...experimental_dfsb_to_compute,
+        constAsDefaults: 'never',
+      };
     }
     schemaToCompute = oneOf![
       getClosestMatchingOption<T, S, F>(
@@ -382,7 +384,7 @@ export function ensureFormDataMatchingSchema<
   let validFormData: T | T[] | undefined = formData;
   if (isSelectField) {
     const getOptionsList = optionsList(schema);
-    const isValid = getOptionsList?.some((option) => isEqual(option.value, formData));
+    const isValid = getOptionsList?.some((option) => deepEquals(option.value, formData));
     validFormData = isValid ? formData : undefined;
   }
 
diff --git a/packages/utils/src/schema/retrieveSchema.ts b/packages/utils/src/schema/retrieveSchema.ts
index 17439cf396..86a0853c5f 100644
--- a/packages/utils/src/schema/retrieveSchema.ts
+++ b/packages/utils/src/schema/retrieveSchema.ts
@@ -1,5 +1,4 @@
 import get from 'lodash/get';
-import isEqual from 'lodash/isEqual';
 import set from 'lodash/set';
 import times from 'lodash/times';
 import transform from 'lodash/transform';
@@ -15,10 +14,10 @@ import {
   ANY_OF_KEY,
   DEPENDENCIES_KEY,
   IF_KEY,
+  ITEMS_KEY,
   ONE_OF_KEY,
-  REF_KEY,
   PROPERTIES_KEY,
-  ITEMS_KEY,
+  REF_KEY,
 } from '../constants';
 import findSchemaDefinition, { splitKeyElementFromObject } from '../findSchemaDefinition';
 import getDiscriminatorFieldFromSchema from '../getDiscriminatorFieldFromSchema';
@@ -34,6 +33,7 @@ import {
   ValidatorType,
 } from '../types';
 import getFirstMatchingOption from './getFirstMatchingOption';
+import deepEquals from '../deepEquals';
 
 /** Retrieves an expanded schema that has had all of its conditions, additional properties, references and dependencies
  * resolved and merged into the `schema` given a `validator`, `rootSchema` and `rawFormData` that is used to do the
@@ -256,7 +256,10 @@ export function resolveSchema<T = any, S extends StrictRJSFSchema = RJSFSchema,
       )
     );
     const allPermutations = getAllPermutationsOfXxxOf<S>(allOfSchemaElements);
-    return allPermutations.map((permutation) => ({ ...schema, allOf: permutation }));
+    return allPermutations.map((permutation) => ({
+      ...schema,
+      allOf: permutation,
+    }));
   }
   // No $ref or dependencies or allOf attribute was found, returning the original schema.
   return [schema];
@@ -356,7 +359,7 @@ export function resolveAllReferences<S extends StrictRJSFSchema = RJSFSchema>(
     };
   }
 
-  return isEqual(schema, resolvedSchema) ? schema : resolvedSchema;
+  return deepEquals(schema, resolvedSchema) ? schema : resolvedSchema;
 }
 
 /** Creates new 'properties' items for each key in the `formData`
diff --git a/packages/utils/src/schema/toIdSchema.ts b/packages/utils/src/schema/toIdSchema.ts
index 21cb334517..4e034a5de3 100644
--- a/packages/utils/src/schema/toIdSchema.ts
+++ b/packages/utils/src/schema/toIdSchema.ts
@@ -1,5 +1,4 @@
 import get from 'lodash/get';
-import isEqual from 'lodash/isEqual';
 
 import { ALL_OF_KEY, DEPENDENCIES_KEY, ID_KEY, ITEMS_KEY, PROPERTIES_KEY, REF_KEY } from '../constants';
 import isObject from '../isObject';
@@ -14,6 +13,7 @@ import {
 } from '../types';
 import retrieveSchema from './retrieveSchema';
 import getSchemaType from '../getSchemaType';
+import deepEquals from '../deepEquals';
 
 /** An internal helper that generates an `IdSchema` object for the `schema`, recursively with protection against
  * infinite recursion
@@ -42,7 +42,7 @@ function toIdSchemaInternal<T = any, S extends StrictRJSFSchema = RJSFSchema, F
 ): IdSchema<T> {
   if (REF_KEY in schema || DEPENDENCIES_KEY in schema || ALL_OF_KEY in schema) {
     const _schema = retrieveSchema<T, S, F>(validator, schema, rootSchema, formData, experimental_customMergeAllOf);
-    const sameSchemaIndex = _recurseList.findIndex((item) => isEqual(item, _schema));
+    const sameSchemaIndex = _recurseList.findIndex((item) => deepEquals(item, _schema));
     if (sameSchemaIndex === -1) {
       return toIdSchemaInternal<T, S, F>(
         validator,
diff --git a/packages/utils/src/schema/toPathSchema.ts b/packages/utils/src/schema/toPathSchema.ts
index d29f225e5a..638b7126ce 100644
--- a/packages/utils/src/schema/toPathSchema.ts
+++ b/packages/utils/src/schema/toPathSchema.ts
@@ -1,11 +1,10 @@
 import get from 'lodash/get';
-import isEqual from 'lodash/isEqual';
 import set from 'lodash/set';
 
 import {
+  ADDITIONAL_PROPERTIES_KEY,
   ALL_OF_KEY,
   ANY_OF_KEY,
-  ADDITIONAL_PROPERTIES_KEY,
   DEPENDENCIES_KEY,
   ITEMS_KEY,
   NAME_KEY,
@@ -26,6 +25,7 @@ import {
 } from '../types';
 import getClosestMatchingOption from './getClosestMatchingOption';
 import retrieveSchema from './retrieveSchema';
+import deepEquals from '../deepEquals';
 
 /** An internal helper that generates an `PathSchema` object for the `schema`, recursively with protection against
  * infinite recursion
@@ -50,7 +50,7 @@ function toPathSchemaInternal<T = any, S extends StrictRJSFSchema = RJSFSchema,
 ): PathSchema<T> {
   if (REF_KEY in schema || DEPENDENCIES_KEY in schema || ALL_OF_KEY in schema) {
     const _schema = retrieveSchema<T, S, F>(validator, schema, rootSchema, formData, experimental_customMergeAllOf);
-    const sameSchemaIndex = _recurseList.findIndex((item) => isEqual(item, _schema));
+    const sameSchemaIndex = _recurseList.findIndex((item) => deepEquals(item, _schema));
     if (sameSchemaIndex === -1) {
       return toPathSchemaInternal<T, S, F>(
         validator,
diff --git a/packages/validator-ajv8/src/precompiledValidator.ts b/packages/validator-ajv8/src/precompiledValidator.ts
index 3b201b9a90..a79c079dcd 100644
--- a/packages/validator-ajv8/src/precompiledValidator.ts
+++ b/packages/validator-ajv8/src/precompiledValidator.ts
@@ -1,21 +1,22 @@
 import { ErrorObject } from 'ajv';
 import get from 'lodash/get';
-import isEqual from 'lodash/isEqual';
+
 import {
   CustomValidator,
+  deepEquals,
   ErrorSchema,
   ErrorTransformer,
   FormContextType,
   hashForSchema,
   ID_KEY,
   JUNK_OPTION_ID,
+  retrieveSchema,
   RJSFSchema,
   StrictRJSFSchema,
   toErrorList,
   UiSchema,
   ValidationData,
   ValidatorType,
-  retrieveSchema,
 } from '@rjsf/utils';
 
 import { CompiledValidateFunction, Localizer, ValidatorFunctions } from './types';
@@ -92,10 +93,10 @@ export default class AJV8PrecompiledValidator<
    * @param [formData] - The form data to validate if any
    */
   ensureSameRootSchema(schema: S, formData?: T) {
-    if (!isEqual(schema, this.rootSchema)) {
+    if (!deepEquals(schema, this.rootSchema)) {
       // Resolve the root schema with the passed in form data since that may affect the resolution
       const resolvedRootSchema = retrieveSchema(this, this.rootSchema, this.rootSchema, formData);
-      if (!isEqual(schema, resolvedRootSchema)) {
+      if (!deepEquals(schema, resolvedRootSchema)) {
         throw new Error(
           'The schema associated with the precompiled validator differs from the rootSchema provided for validation'
         );