This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in the development of pharmaceuticals, agrochemicals, and advanced materials. Its structure, featuring a piperazine moiety, enhances its solubility and reactivity, making it valuable in the synthesis of complex molecules. Additionally, its chloro and propoxy groups contribute to its versatility in creating diverse organic compounds, including potential drug candidates targeting specific biological pathways.