This chemical is primarily utilized in organic synthesis, particularly in the field of medicinal chemistry, where it serves as a key intermediate in the development of pharmaceutical compounds. Its boronic acid group is instrumental in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is crucial for constructing complex organic molecules, including potential drug candidates. Additionally, the presence of the tert-butoxycarbonyl (Boc) protected piperazine moiety makes it valuable in peptide synthesis and the modification of bioactive molecules, enabling the creation of diverse chemical structures with potential therapeutic applications. Its role in these processes highlights its importance in drug discovery and development.