This compound is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure, featuring a dioxaborolane group, makes it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions, which are essential for constructing complex organic molecules. The methoxy and urea functional groups enhance its reactivity and selectivity in these processes. Additionally, it is employed in the preparation of boron-containing compounds, which are increasingly important in drug discovery due to their unique biological activities. Its application extends to material science, where it is used in the synthesis of advanced polymers and coatings with specific properties.