Widely used in pharmaceutical and organic synthesis, this compound serves as a key intermediate in Suzuki-Miyaura cross-coupling reactions. Its boronate ester group enables efficient formation of carbon-carbon bonds, making it valuable for constructing complex molecules, especially in drug discovery. It is particularly useful in the development of bioactive piperazine-containing compounds, where the benzyl carbamate group acts as a protecting group for the piperazine nitrogen. This allows selective functionalization during multi-step syntheses. The compound is also employed in the preparation of protease inhibitors, receptor agonists, and other therapeutic agents where piperazine scaffolds are prevalent. Its stability and reactivity profile make it suitable for high-throughput screening and library synthesis in medicinal chemistry.