This chemical is primarily utilized in organic synthesis, particularly in the development of pharmaceutical compounds and advanced materials. Its structure, featuring a urea linkage and a boronate ester group, makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in complex molecules. This reaction is essential in creating biologically active compounds, including potential drug candidates. Additionally, the naphthalene moiety in its structure can contribute to the development of fluorescent probes or sensors due to its inherent photophysical properties. Its applications extend to materials science, where it may be used in the synthesis of polymers or organic electronics, leveraging its stability and reactivity.