This chemical is primarily used in organic synthesis, particularly in the pharmaceutical and materials science fields. It serves as a key intermediate in the development of bioactive compounds, especially in the synthesis of complex molecules like kinase inhibitors and other therapeutic agents. Its boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in drug discovery and development. Additionally, its piperazine moiety is often utilized to enhance the pharmacokinetic properties of drug candidates, such as solubility and bioavailability. The compound is also explored in the creation of advanced materials, including polymers and ligands for catalysis, due to its versatile reactivity and structural features.