This compound is primarily utilized in organic synthesis and medicinal chemistry due to its boronic acid functional group, which is highly effective in Suzuki-Miyaura cross-coupling reactions. These reactions are pivotal for forming carbon-carbon bonds, enabling the synthesis of complex organic molecules, including pharmaceuticals and advanced materials. The presence of the methylpiperazine moiety enhances its solubility and reactivity, making it suitable for use in drug discovery processes, particularly in the development of small molecule inhibitors and receptor-targeting agents. Its application extends to the preparation of biologically active compounds, where it serves as a key intermediate in the synthesis of potential therapeutic agents targeting various diseases.