This compound is primarily utilized in organic synthesis and medicinal chemistry as a versatile building block. It is often employed in cross-coupling reactions, such as Suzuki-Miyaura reactions, to create complex organic molecules, particularly in the development of pharmaceuticals. The boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable for constructing biologically active compounds. Additionally, its piperazine moiety can enhance the pharmacokinetic properties of drug candidates, such as solubility and bioavailability. It is also explored in the design of enzyme inhibitors and receptor modulators due to its structural features.