This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, making it valuable for creating biaryl structures found in many drugs. Additionally, it is employed in the synthesis of biologically active compounds, such as kinase inhibitors, which are critical in cancer therapy. The methoxy and piperazine groups further enhance its versatility in designing molecules with specific pharmacological properties.