This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction, where it serves as a boronic ester reagent. Its structure, featuring a Boc-protected piperazine moiety, makes it valuable in the synthesis of complex molecules, including pharmaceuticals and agrochemicals. The Boc group provides stability during reactions, allowing selective deprotection when needed. Additionally, its boronic ester functionality enables efficient carbon-carbon bond formation, making it a key intermediate in the development of drug candidates and biologically active compounds. Its application is especially prominent in medicinal chemistry for constructing diverse molecular frameworks.