This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for constructing carbon-carbon bonds in the development of pharmaceuticals. Additionally, the presence of the piperazine moiety enhances its potential as a building block for compounds with improved pharmacokinetic properties, such as solubility and bioavailability. Its applications extend to the design of potential therapeutic agents for diseases like cancer, inflammation, and infectious diseases.