This chemical is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, where it acts as a key intermediate for constructing complex organic molecules. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the synthesis of bioactive compounds, including potential drug candidates, due to its structural versatility. Its piperidine moiety further enhances its utility in medicinal chemistry, as it can interact with biological targets, contributing to the design of molecules with therapeutic properties.