This compound is primarily utilized in organic synthesis as a versatile building block, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals and complex organic molecules. It is often employed in the synthesis of biologically active compounds, including potential drug candidates targeting various diseases. Additionally, its piperazine moiety can enhance the solubility and bioavailability of the resulting molecules, making it a useful component in medicinal chemistry research.