This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. Its boronic acid functional group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its ethylpiperazine moiety can enhance solubility and bioavailability, making it useful in drug discovery and development for optimizing lead compounds. The compound may also serve as an intermediate in the preparation of biologically active molecules targeting specific enzymes or receptors.