This compound is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals. It serves as a key intermediate in the preparation of biologically active molecules, often through Suzuki-Miyaura cross-coupling reactions. Its boronic acid group enables it to form stable complexes with various organic compounds, facilitating the creation of complex structures. Additionally, the tert-butoxycarbonyl (Boc) protecting group on the piperazine moiety allows for selective deprotection, enabling further functionalization in multi-step synthetic pathways. This chemical is especially valuable in the synthesis of drug candidates targeting specific receptors or enzymes, contributing to advancements in medicinal chemistry.