This compound is primarily utilized in the field of medicinal chemistry and drug discovery. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure, featuring a urea moiety and a boronate ester group, makes it valuable for developing inhibitors or modulators of protein-protein interactions. Additionally, it is often employed in cross-coupling reactions, such as Suzuki-Miyaura reactions, to create complex organic molecules for pharmaceutical research. Its application extends to the development of potential therapeutics for diseases like cancer, inflammation, and metabolic disorders.