This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions, where it acts as a key intermediate. Its boronate ester functional group makes it valuable in Suzuki-Miyaura coupling, a widely used method for forming carbon-carbon bonds in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, the urea moiety in its structure can contribute to its use in designing molecules with biological activity, such as enzyme inhibitors or receptor modulators, making it relevant in medicinal chemistry research. Its stability and reactivity also make it suitable for use in the development of novel compounds in material science, particularly in the creation of polymers or functionalized surfaces.