This compound is primarily used in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the preparation of boron-containing compounds, which are valuable in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed to create complex organic molecules, including drugs and biologically active compounds. Additionally, its urea moiety can contribute to hydrogen bonding interactions, making it useful in the design of molecules with specific binding properties, such as enzyme inhibitors or receptor modulators. Its boronate ester group also allows for further functionalization, enabling the synthesis of diverse chemical structures.