This compound is primarily used in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. The boronic ester group facilitates the formation of carbon-carbon bonds, making it valuable for creating bioactive compounds or drug candidates. Additionally, its Boc-protected piperazine moiety allows for selective deprotection and further functionalization, enabling the synthesis of diverse chemical structures. Its applications are often seen in medicinal chemistry for designing and optimizing drug molecules with improved efficacy and selectivity.