This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent. Its structure, featuring a piperazine ring and a tert-butoxycarbonyl (Boc) protecting group, makes it valuable in the synthesis of complex molecules, including pharmaceuticals and bioactive compounds. The Boc group can be selectively removed under mild acidic conditions, allowing for further functionalization of the piperazine moiety. This chemical is often employed in medicinal chemistry for the development of drug candidates, especially those targeting central nervous system disorders, due to the piperazine scaffold's prevalence in such compounds. Additionally, its boronic acid functionality enables its use in the preparation of sensors and materials for molecular recognition applications.