This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a key intermediate. Its boronate ester group facilitates the formation of carbon-carbon bonds, making it valuable in the construction of complex molecules, including pharmaceuticals and agrochemicals. Additionally, it is employed in the development of biologically active compounds, leveraging its piperazine moiety, which is a common structural feature in many drugs. Its stability and reactivity make it a versatile reagent in medicinal chemistry and material science research.