This compound is primarily utilized in organic synthesis and medicinal chemistry due to its boronate ester functional group, which is valuable in Suzuki-Miyaura cross-coupling reactions. These reactions are pivotal for constructing carbon-carbon bonds, particularly in the synthesis of complex organic molecules, including pharmaceuticals and advanced materials. The urea moiety in the structure can also contribute to its potential use in designing enzyme inhibitors or receptor modulators, making it a candidate for drug discovery research. Additionally, the methoxyphenyl group may enhance the compound's solubility and bioavailability, further supporting its application in developing therapeutic agents.