This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group facilitates the coupling with aryl halides, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in the synthesis of advanced materials, such as polymers and liquid crystals, due to its ability to introduce specific functional groups into molecular structures. Its piperazine moiety also contributes to its use in designing bioactive compounds with potential therapeutic applications.