This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of biologically active molecules, particularly in the synthesis of kinase inhibitors and other therapeutic agents. Its boronic acid moiety enables its use in Suzuki-Miyaura cross-coupling reactions, a widely employed method for forming carbon-carbon bonds in drug discovery. Additionally, the piperazine group enhances its potential in designing compounds with improved pharmacokinetic properties, such as solubility and bioavailability. Its applications extend to the study of enzyme interactions and the development of targeted therapies for diseases like cancer and inflammation.