This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing complex molecules, including pharmaceuticals and agrochemicals. It is often employed in the development of drug candidates, where its piperazine moiety can enhance binding affinity to biological targets. Additionally, it serves as a building block in material science for creating functionalized polymers or advanced materials with specific properties. Its versatility in coupling reactions also makes it useful in the synthesis of organic electronic components.