This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronic acid derivative to form carbon-carbon bonds. Its structure, featuring a boronic acid group, makes it a valuable intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it can be employed in the development of sensors or probes due to its ability to interact with diols and other functional groups, making it useful in biochemical and analytical applications. Its specific phenylcarbamoyl moiety may also contribute to its role in designing compounds with targeted biological activity.