Widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds between aromatic halides and boronic acid derivatives. Its boronate ester group acts as a key coupling partner in the preparation of biaryl compounds, which are common structural motifs in pharmaceuticals and agrochemicals. The piperazine moiety enhances solubility and can serve as a linker in drug design, making this compound valuable in medicinal chemistry for building complex molecules. It is also employed in the development of functional materials, including conjugated polymers and organic electronic materials, due to its stability and reactivity under palladium catalysis.