This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in the synthesis of biaryl compounds. Additionally, the presence of the piperazine moiety enhances its utility in drug discovery, as it can be incorporated into molecules targeting central nervous system disorders or other therapeutic areas. Its application is also seen in material science, where it contributes to the development of advanced polymers and organic electronic materials.