This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds in the synthesis of complex organic molecules, including pharmaceuticals and fine chemicals. Its structure, featuring a piperidine moiety, makes it suitable for creating biologically active compounds, often used in drug discovery and development. Additionally, it can be employed in the preparation of advanced materials, such as polymers or catalysts, due to its ability to act as a functional group in molecular design. Its stability and reactivity make it a valuable tool in medicinal chemistry and material science research.