This compound is primarily utilized in organic synthesis and medicinal chemistry as a key intermediate in the development of boron-containing molecules. Its boronate ester functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in the synthesis of pharmaceuticals, agrochemicals, and organic materials. Additionally, the piperazine moiety enhances its potential as a building block for designing drug candidates, particularly in the development of compounds targeting central nervous system disorders, due to its ability to improve pharmacokinetic properties. Its applications also extend to materials science, where it can be used to create advanced polymers and functional materials with specific electronic or structural properties.