Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various therapeutic agents. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex organic molecules. Additionally, it is employed in the development of enzyme inhibitors and receptor modulators, particularly in targeting neurological and oncological disorders. The piperazine moiety enhances its binding affinity to biological targets, making it useful in drug discovery and medicinal chemistry.