This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in the development of new drugs and biologically active compounds. Additionally, it is employed in the synthesis of materials for organic electronics and advanced polymers. Its piperazine moiety contributes to its versatility in creating compounds with potential therapeutic applications, such as receptor modulators and enzyme inhibitors.