This compound is primarily utilized in organic synthesis and pharmaceutical research, particularly in the development of new drugs. Its boronic acid group makes it a valuable reagent in Suzuki-Miyaura cross-coupling reactions, which are widely used to form carbon-carbon bonds. This is essential in creating complex organic molecules, including potential therapeutic agents.

In medicinal chemistry, it serves as a building block for designing molecules that target specific biological pathways. Its structure, featuring a piperazine moiety, is often incorporated into compounds intended for central nervous system (CNS) drug development, as piperazine derivatives are known for their ability to interact with neurotransmitter receptors.

Additionally, its chloro and ethoxy substituents enhance its reactivity and selectivity, making it useful in synthesizing compounds with potential anticancer, antiviral, or antibacterial properties. Researchers also explore its role in developing inhibitors for enzymes or proteins involved in disease processes. Overall, it is a versatile intermediate in drug discovery and chemical synthesis.