This compound is primarily utilized in organic synthesis and medicinal chemistry as a key intermediate in the development of pharmaceutical agents. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to construct carbon-carbon bonds in the synthesis of complex molecules, including potential drug candidates. The presence of the piperazine moiety enhances its ability to interact with biological targets, particularly in the design of compounds targeting central nervous system disorders or cancer therapies. Researchers often use it to develop small-molecule inhibitors or modulators for specific enzymes or receptors, leveraging its structural features for improved binding affinity and selectivity. Additionally, its chloro and ethoxy substituents contribute to its versatility in chemical modifications, enabling the creation of diverse derivatives for biological evaluation.