This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling, where it acts as a boronic ester reagent. Its structure allows it to facilitate the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The piperazine moiety enhances its solubility and reactivity, enabling efficient coupling with aryl or vinyl halides. Additionally, it is employed in the development of biologically active compounds, where its boronic acid group plays a crucial role in targeting specific molecular interactions. Its stability and versatility make it a preferred choice in medicinal chemistry and material science research.