This chemical is primarily used in organic synthesis, particularly in the development of pharmaceuticals and bioactive compounds. Its boronic acid group makes it a valuable intermediate in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex molecules. The presence of the tert-butoxycarbonyl (Boc) protected piperazine moiety allows for further functionalization, making it useful in the design of drug candidates, especially in targeting receptors or enzymes. Additionally, its fluorophenyl group can enhance the metabolic stability and bioavailability of the resulting compounds, making it a key building block in medicinal chemistry research.