This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, which is widely employed in the pharmaceutical and materials science industries. Its boronate ester functional group makes it a valuable intermediate for constructing complex molecules, including bioactive compounds and polymers. Additionally, it is used in the development of advanced materials, such as organic semiconductors and liquid crystals, due to its ability to facilitate precise molecular assembly. Its piperazine moiety also contributes to its potential application in medicinal chemistry, where it may be incorporated into drug candidates targeting neurological and psychiatric disorders.