This compound is primarily utilized in organic synthesis and pharmaceutical research, particularly as a building block in the development of novel drug candidates. Its boronic acid group makes it a valuable reagent in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds in the synthesis of complex organic molecules. The piperazine moiety enhances its potential in designing biologically active compounds, especially those targeting the central nervous system or acting as enzyme inhibitors. It is also explored in the development of PET (positron emission tomography) imaging agents due to the presence of fluorine, which can act as a radiotracer. Additionally, its structural features make it a candidate for studying interactions with proteins or receptors in medicinal chemistry.