This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for the construction of complex molecules, especially in the development of pharmaceuticals and biologically active compounds. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, the N-methylpiperazine moiety enhances its solubility and reactivity, making it valuable in medicinal chemistry for designing drug candidates with improved pharmacokinetic properties. It is also employed in the synthesis of materials for organic electronics and catalysts for various chemical transformations.