This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions. It serves as a key intermediate in the preparation of complex organic molecules, especially in the development of pharmaceuticals and agrochemicals. The boronate ester group in its structure makes it valuable for Suzuki-Miyaura coupling reactions, which are widely used to form carbon-carbon bonds efficiently. Additionally, its urea moiety can contribute to the biological activity of the final compounds, making it useful in drug discovery for targeting specific enzymes or receptors. Its application extends to materials science, where it can be employed in the synthesis of organic electronic materials due to the presence of the thiophene group, which is known for its conductive properties.