This compound is primarily utilized in organic synthesis and pharmaceutical research due to its unique boronic acid and carbamoyl functional groups. It serves as a key intermediate in the development of boron-containing drugs, particularly in the synthesis of proteasome inhibitors and other therapeutic agents targeting cancer and inflammatory diseases. Its boronic acid moiety enables it to form stable complexes with biomolecules, making it valuable in biochemical assays and drug delivery systems. Additionally, it is employed in the preparation of advanced materials, such as sensors and polymers, where its ability to interact with diols and other organic compounds is exploited for selective binding and recognition applications.