This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it serves as a key intermediate in the development of biologically active compounds, especially those targeting central nervous system disorders due to its piperazine moiety. Its sulfonyl group further enhances its utility in designing molecules with specific binding properties for drug discovery applications.