This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceuticals and materials science. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating carbon-carbon bonds in drug discovery and development. Additionally, it finds application in the preparation of bioactive compounds and organic electronic materials due to its ability to introduce phenylcarbamoyl groups into target molecules. Its versatility in functional material synthesis further highlights its importance in advanced chemical research.