This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures commonly found in active pharmaceutical ingredients. Additionally, its piperazine moiety enhances solubility and bioavailability, making it valuable in drug discovery processes. The compound is also employed in material science for the synthesis of advanced organic materials with potential applications in electronics and optoelectronics.