Used primarily in organic synthesis and pharmaceutical research, this compound serves as a key intermediate in the development of various bioactive molecules. Its boronic acid group facilitates Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex organic structures. It is particularly valuable in the synthesis of potential drug candidates, especially those targeting specific enzymes or receptors in medicinal chemistry. Additionally, its piperazine moiety enhances its utility in designing compounds with improved pharmacokinetic properties. Researchers also explore its role in developing materials for chemical sensors due to its binding affinity with certain analytes.