This compound is primarily utilized in organic synthesis and medicinal chemistry due to its boronic acid functional group, which is pivotal in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its structure, featuring a methylpiperazine moiety, suggests potential applications in drug development, particularly in designing compounds with enhanced bioavailability or targeting specific biological pathways. Its boronic acid group also allows for interactions with biological molecules, making it a candidate for use in biochemical assays or as a building block in the development of enzyme inhibitors or receptor modulators.