This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the production of complex molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables efficient formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it is employed in the development of materials for electronic devices and sensors, leveraging its ability to form stable covalent linkages. Its piperidine moiety further enhances its utility in designing drug candidates with improved pharmacokinetic properties.