Primarily utilized in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of complex molecules. Its boronic ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is crucial in creating biologically active compounds, including potential drug candidates for treating various diseases. Additionally, its piperazine moiety enhances its utility in designing molecules with improved pharmacokinetic properties, such as better solubility and bioavailability. Researchers also employ it in the development of materials science applications, where its structural features contribute to the creation of advanced polymers and functional materials.