This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, especially in the synthesis of heterocyclic compounds. Additionally, it serves as a versatile intermediate in the preparation of biologically active molecules, including those with potential therapeutic applications. Its Boc-protected piperazine moiety further enhances its utility by providing a stable and reactive site for further functionalization.