This chemical is primarily utilized in organic synthesis and pharmaceutical research due to its boronic acid functional group, which is highly effective in Suzuki-Miyaura cross-coupling reactions. These reactions are crucial for forming carbon-carbon bonds, enabling the synthesis of complex organic compounds, including potential drug candidates. Additionally, its piperazine moiety enhances its solubility and interaction with biological targets, making it valuable in the development of bioactive molecules. Researchers also explore its use in designing enzyme inhibitors and receptor modulators, particularly in the field of medicinal chemistry. Its unique structure allows for the creation of diverse derivatives, aiding in the discovery of novel therapeutic agents.