This chemical 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 widely employed in the pharmaceutical industry to construct complex molecules, including drug candidates. The urea moiety in the compound can also contribute to its potential as a building block for designing biologically active molecules, particularly in the development of enzyme inhibitors or receptor modulators. Its structural features make it suitable for use in drug discovery and the creation of novel therapeutic agents. Additionally, its stability and reactivity profile allow for efficient incorporation into larger molecular frameworks, aiding in the synthesis of advanced materials or targeted bioactive compounds.