This compound is primarily utilized in organic synthesis, particularly in the field of medicinal chemistry, where it serves as a key intermediate in the development of biologically active molecules. Its structure, featuring a boronate ester group, makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is crucial in the synthesis of complex organic compounds, including pharmaceuticals, agrochemicals, and materials. Additionally, the piperazine moiety in the compound enhances its potential as a building block for drug discovery, as piperazine derivatives are often incorporated into drug molecules to improve their pharmacokinetic properties. Its application extends to the preparation of targeted therapies, where it can be used to create compounds with specific biological activities.