This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group allows it to act as a key reagent in forming carbon-carbon bonds, which is essential in the development of pharmaceuticals and complex organic molecules. The ethylpiperazine moiety can enhance the compound's solubility and reactivity, making it valuable in the synthesis of biologically active molecules, including potential drug candidates. Its fluorine substituent further contributes to its utility by influencing the electronic properties and stability of the resulting compounds, often improving their pharmacokinetic profiles.