This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it acts as a boronic acid reagent. Its structure, featuring a boronic acid group, allows it to form stable covalent bonds with various organic molecules, making it valuable in the synthesis of complex organic compounds, including pharmaceuticals and agrochemicals. The presence of the ethylpiperazine moiety enhances its solubility and reactivity, facilitating its use in medicinal chemistry for the development of drug candidates. Additionally, it serves as a building block in the creation of boron-containing compounds, which are increasingly important in materials science and catalysis.