This compound is primarily utilized in organic synthesis and medicinal chemistry as a key intermediate in the development of boron-containing molecules. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in the synthesis of pharmaceuticals, agrochemicals, and organic materials. Additionally, its urea moiety can contribute to hydrogen bonding interactions, making it useful in the design of enzyme inhibitors or receptor ligands. The compound is often explored in drug discovery for its potential to enhance binding affinity and selectivity in target molecules. Its stability and reactivity also make it suitable for use in bioconjugation and labeling applications in chemical biology.