This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex organic molecules, especially in the pharmaceutical industry. Its boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. This makes it valuable in the development of drugs, agrochemicals, and advanced materials. Additionally, its structural features, including the piperidine moiety, contribute to its potential in designing bioactive compounds with enhanced pharmacokinetic properties.