This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronate ester functionality makes it a valuable intermediate for constructing complex organic molecules, especially in pharmaceutical and material science research. It is often employed to introduce aryl groups into target molecules, enabling the development of new drugs, polymers, or advanced materials. Additionally, its urea moiety can contribute to hydrogen bonding interactions, which may be exploited in the design of supramolecular structures or bioactive compounds.