This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals and advanced materials. It serves as a key intermediate in the synthesis of biologically active compounds, especially those targeting specific enzymes or receptors. The presence of the dioxaborolane group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug discovery and material science. Additionally, its urea moiety can contribute to the formation of hydrogen bonds, enhancing its potential in designing molecules with specific binding properties for therapeutic applications.