This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of various pharmaceuticals. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This makes it valuable in the development of complex molecules, particularly in drug discovery and medicinal chemistry. Additionally, its piperazine moiety contributes to its potential application in designing compounds with biological activity, such as receptor ligands or enzyme inhibitors. The compound’s structure allows for further functionalization, making it versatile in creating targeted therapeutic agents.