Used primarily in organic synthesis and pharmaceutical research, this compound serves as a key intermediate in the development of biologically active molecules. Its boronic acid group is particularly valuable in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds essential for constructing complex organic frameworks. The 4-methylpiperazine moiety enhances its solubility and binding affinity, making it useful in designing drug candidates targeting specific enzymes or receptors. It is also employed in the preparation of proteasome inhibitors and other therapeutic agents, contributing to advancements in medicinal chemistry.