This compound is primarily utilized in the pharmaceutical and chemical research sectors as a key intermediate in the synthesis of biologically active molecules. Its boronic acid pinacol ester group makes it particularly valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds in drug development. Researchers employ it to create complex organic structures, especially in the design of protease inhibitors and other therapeutic agents targeting specific enzymes. Additionally, its piperazine moiety contributes to enhancing the solubility and bioavailability of drug candidates, making it a crucial component in medicinal chemistry. The compound's versatility also extends to material science, where it aids in the development of novel polymers and functionalized materials.