This compound is primarily utilized in organic synthesis and medicinal chemistry due to its boronic acid functional group, which is highly effective in Suzuki-Miyaura cross-coupling reactions. These reactions are pivotal for forming carbon-carbon bonds, particularly in the synthesis of complex organic molecules, including pharmaceuticals and advanced materials. Additionally, its piperazine moiety enhances solubility and bioavailability, making it a valuable intermediate in drug development, especially for targeting central nervous system disorders. Its ability to act as a ligand in coordination chemistry also finds applications in catalysis and material science.