This compound is primarily utilized in organic synthesis and pharmaceutical research, particularly in the development of boron-containing molecules. Its boronic acid functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely used to create carbon-carbon bonds in the synthesis of complex organic compounds, including potential drug candidates. The ethylpiperazine moiety enhances its solubility and reactivity, making it suitable for use in medicinal chemistry for designing molecules with specific biological activities. Additionally, its sulfonyl group contributes to its stability and ability to interact with biological targets, making it a useful intermediate in the development of therapeutic agents.