This chemical is primarily used in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the preparation of compounds with potential therapeutic properties, such as enzyme inhibitors or receptor modulators. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in drug discovery and material science. Additionally, its piperazine moiety enhances its utility in designing molecules with improved bioavailability and target specificity. Researchers also explore its potential in creating advanced materials, such as sensors or catalysts, due to its unique structural properties.