This chemical 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 essential in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed to form carbon-carbon bonds, enabling the construction of complex organic molecules. Additionally, its urea moiety can contribute to the design of biologically active molecules, making it valuable in drug discovery and medicinal chemistry research.