This compound is primarily utilized in organic synthesis and medicinal chemistry as a key intermediate for the development of pharmaceuticals. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in the synthesis of complex molecules, including drug candidates. Additionally, the piperazine moiety enhances its potential as a building block for designing compounds with biological activity, particularly in the development of central nervous system (CNS) drugs and receptor-targeted therapies. Its applications also extend to the creation of novel materials and ligands for catalysis, where its structural features contribute to specificity and efficiency in chemical processes.