This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a boronic acid derivative to form carbon-carbon bonds. It is valuable in pharmaceutical research for constructing complex molecules, especially in the development of drugs targeting various diseases. The tert-butoxycarbonyl (Boc) protecting group on the piperazine moiety allows for selective deprotection, enabling further functionalization of the molecule. This compound is also utilized in the synthesis of intermediates for agrochemicals and materials science applications, where precise molecular architecture is required. Its stability and reactivity make it a versatile reagent in medicinal chemistry and industrial processes.