def value_exists(hive, key, vname, use_32bit_registry=False):
    '''
    Check that the value/data pair is found in the registry.

    .. version-added:: 2018.3.4

    Args:

        hive (str): The hive to connect to

        key (str): The key to check in

        vname (str): The name of the value/data pair you're checking

        use_32bit_registry (bool): Look in the 32bit portion of the registry

    Returns:
        bool: True if exists, otherwise False

    Usage:

        .. code-block:: python

            import salt.utils.win_reg as reg
            reg.key_exists(hive='HKLM', key='SOFTWARE\\Microsoft')
    '''
    local_hive = _to_unicode(hive)
    local_key = _to_unicode(key)
    local_vname = _to_unicode(vname)

    registry = Registry()
    try:
        hkey = registry.hkeys[local_hive]
    except KeyError:
        raise CommandExecutionError('Invalid Hive: {0}'.format(local_hive))
    access_mask = registry.registry_32[use_32bit_registry]

    try:
        handle = win32api.RegOpenKeyEx(hkey, local_key, 0, access_mask)
    except pywintypes.error as exc:
        if exc.winerror == 2:
            # The key containing the value/data pair does not exist
            return False
        raise

    try:
        # RegQueryValueEx returns and accepts unicode data
        _, _ = win32api.RegQueryValueEx(handle, local_vname)
        # value/data pair exists
        return True
    except pywintypes.error as exc:
        if exc.winerror == 2 and vname is None:
            # value/data pair exists but is empty
            return True
        else:
            # value/data pair not found
            return False
    finally:
        win32api.RegCloseKey(handle)