This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. The deuterated piperazine moiety enhances its utility in studies involving isotopic labeling, which is crucial for tracking and understanding metabolic pathways in drug development. Additionally, its structural features make it a potential intermediate in the synthesis of complex molecules for research and industrial applications.