This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of various biologically active molecules, often playing a crucial role in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for creating complex organic structures, including those found in drug candidates targeting specific diseases. Its boronic acid group allows for efficient coupling with aryl halides, making it valuable in the synthesis of novel therapeutic agents. Additionally, its piperazine moiety contributes to its potential use in designing compounds with enhanced binding affinity to biological targets, such as receptors or enzymes. This makes it a valuable tool in medicinal chemistry for the discovery and optimization of new drugs.