This chemical is primarily utilized in organic synthesis and pharmaceutical research, particularly in the development of novel drug compounds. Its boronic acid group makes it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex molecules. The presence of the tert-butoxycarbonyl (Boc) protecting group allows for selective deprotection, enabling further functionalization of the piperazine ring. This compound is often used in the preparation of biologically active molecules, such as enzyme inhibitors or receptor modulators, due to its ability to interact with specific biological targets. Additionally, its structural features make it suitable for use in medicinal chemistry projects aimed at optimizing drug candidates for improved efficacy and selectivity.