This compound is primarily utilized in organic synthesis, particularly in the field of medicinal chemistry, where it serves as a key intermediate in the development of boron-containing drugs. Its boronate ester functional group makes it valuable for Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its urea moiety can contribute to hydrogen bonding interactions, which is beneficial in designing molecules with specific biological activity or binding properties. This chemical is also explored in materials science for creating advanced polymers and coatings with tailored properties, leveraging its ability to participate in precise chemical modifications.