This chemical is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a boronic acid coupling partner. It is valuable in the pharmaceutical industry for constructing complex molecules, especially in the development of drugs targeting various diseases. Additionally, it serves as a building block in the synthesis of biologically active compounds, including potential therapeutics for cancer and central nervous system disorders. Its piperazine moiety enhances its utility in creating molecules with improved pharmacokinetic properties.