Used as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the synthesis of complex biaryl structures found in pharmaceuticals and agrochemicals. Its boronate ester group facilitates palladium-catalyzed coupling with aryl halides, making it valuable in drug discovery and development of organic electronic materials. The urea linkage adds polarity and hydrogen-bonding capability, which can enhance binding selectivity in bioactive molecules. It is particularly useful in constructing kinase inhibitors and other targeted therapies in medicinal chemistry research.