This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the construction of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its piperidinyl moiety can enhance interactions with biological targets, making it useful in drug discovery for developing compounds with potential therapeutic effects. It is also employed in material science for creating advanced polymers and functional materials.