Used primarily in organic synthesis and pharmaceutical research, this compound serves as a key intermediate in the development of various therapeutic agents. Its boronic acid group enables it to participate in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in the synthesis of complex molecules. This makes it valuable in the production of drugs, particularly those targeting central nervous system disorders, due to the presence of the piperazine moiety, which is often associated with neuroactive properties. Additionally, its structural features make it a candidate for the design of enzyme inhibitors and receptor modulators in medicinal chemistry.