This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to act as a key reagent in forming carbon-carbon bonds, making it valuable in the construction of complex organic molecules. It is often employed in the pharmaceutical industry for the development of drug candidates, where its structure can be incorporated into biologically active compounds. Additionally, its piperidine moiety contributes to its potential use in designing molecules with specific pharmacological properties, such as targeting receptors or enzymes. Researchers also leverage its properties in material science for creating advanced polymers or functional materials.