This compound is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its boronate ester functional group makes it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in drug discovery and material science. The piperazine moiety enhances its potential as a building block for biologically active molecules, often targeting central nervous system disorders or acting as a ligand in medicinal chemistry. Its hydrochloride salt form improves stability and solubility, facilitating its use in various synthetic processes. Additionally, it may serve as a precursor for the synthesis of boron-containing compounds with applications in cancer therapy, such as boron neutron capture therapy (BNCT).