This compound is primarily utilized in the field of organic synthesis, particularly in the development of boron-containing molecules. Its structure, featuring a urea linkage and a boronate ester group, makes it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed in the synthesis of complex organic compounds, including pharmaceuticals, agrochemicals, and advanced materials. Additionally, the compound's boronate ester functionality allows it to act as a precursor in the preparation of bioactive molecules, where boron is often incorporated to enhance binding affinity or modulate biological activity. Its applications also extend to materials science, where it can be used in the design of polymers and other functional materials.