This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid derivative, enabling the formation of carbon-carbon bonds in the construction of complex organic molecules. Its tert-butoxycarbonyl (Boc) protected piperazine moiety makes it valuable in medicinal chemistry, where it is often employed as an intermediate in the synthesis of pharmaceuticals, especially those targeting central nervous system disorders. The Boc group provides stability during synthesis and can be easily removed to expose the reactive piperazine group for further functionalization. Additionally, its phenylboronic acid component is useful in bioconjugation and sensor development, particularly in carbohydrate recognition and detection.