Used primarily in organic synthesis as a key intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. Its boronate ester group readily reacts with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research for constructing complex molecules. The piperazine and hydroxyethyl functionalities enhance solubility and provide sites for further functionalization, useful in drug discovery and development of bioactive compounds.