This chemical is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the construction of complex molecules due to its boronate ester functional group, which is highly effective in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, enabling the synthesis of diverse organic compounds. Additionally, the urea moiety in its structure makes it valuable in the design of biologically active compounds, as it can interact with various biological targets, enhancing drug efficacy and specificity. Its application extends to materials science, where it is used in the preparation of advanced polymers and coatings with tailored properties.