This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a boronic ester reagent to form carbon-carbon bonds. Its structure, featuring a piperazinyl group, makes it useful in the development of pharmaceuticals, especially in creating complex molecules for drug discovery. Additionally, it serves as a key intermediate in the synthesis of biologically active compounds, including potential therapeutic agents targeting neurological and metabolic disorders. Its stability and reactivity also make it suitable for use in material science, particularly in the development of advanced polymers and coatings.