This compound is primarily used in organic synthesis, particularly in the field of medicinal chemistry, where it serves as a key intermediate in the development of pharmaceutical agents. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely utilized method for forming carbon-carbon bonds. This reaction is crucial in constructing complex molecules, including potential drug candidates, by enabling the coupling of aryl or vinyl boronic acids with aryl or vinyl halides. Additionally, the urea moiety in the compound can contribute to hydrogen bonding interactions, which are often important in the binding of small molecules to biological targets. As a result, this chemical is frequently employed in the design and synthesis of compounds for drug discovery, particularly in the development of kinase inhibitors and other biologically active molecules. Its versatility and reactivity make it a valuable tool in the synthesis of diverse chemical libraries for high-throughput screening and lead optimization.