This compound is primarily used in organic synthesis and medicinal chemistry as a versatile intermediate. Its structure, featuring a urea linkage and a boronate ester group, makes it valuable in the development of boron-containing molecules, which are often employed in Suzuki-Miyaura cross-coupling reactions. These reactions are crucial for constructing complex organic molecules, particularly in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. Additionally, the compound's boronate ester functionality can act as a protective group or a precursor for further chemical transformations, enabling the creation of biologically active compounds. Its applications extend to the design of enzyme inhibitors and receptor modulators, where the urea moiety can enhance binding affinity and selectivity.