This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid functional group enables it to act as a key reagent in forming carbon-carbon bonds, which is essential in the production of complex organic molecules, including pharmaceuticals and agrochemicals. The sulfonyl and piperazine groups enhance its solubility and reactivity, making it suitable for use in various catalytic processes. Additionally, its structural features allow it to be employed in the development of bioactive compounds and materials with potential applications in medicinal chemistry and drug discovery.