This chemical is primarily utilized in organic synthesis and medicinal chemistry as a versatile building block. It is often employed in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds, due to the presence of the boronic acid group. This makes it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its piperazine moiety can enhance the solubility and bioavailability of drug candidates, making it useful in drug discovery and development. The compound is also explored in the design of bioactive molecules targeting specific enzymes or receptors, particularly in the development of kinase inhibitors and other therapeutic agents. Its structural features allow for modifications to optimize drug-like properties, making it a key intermediate in the creation of novel compounds.