This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables it to act as a key intermediate in forming carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules. It is often employed in pharmaceutical research for developing drug candidates, especially in creating compounds with potential biological activity. Additionally, it may be used in material science for designing advanced polymers or catalysts. Its specific structure, including the ethylpiperazine moiety, can contribute to enhanced solubility and reactivity in various chemical processes.