This chemical is primarily used in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. This compound can serve as an intermediate in the production of biologically active compounds, such as enzyme inhibitors or receptor modulators, due to its ability to introduce specific structural motifs. Additionally, its urea moiety can contribute to hydrogen bonding interactions, enhancing the binding affinity of the resulting molecules to target proteins or enzymes. Its applications are often seen in medicinal chemistry research for drug discovery and development.