This chemical is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active compounds, particularly those targeting neurological disorders and cancer. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for creating carbon-carbon bonds in the production of complex organic molecules. Additionally, its piperidine moiety contributes to its potential as a building block for designing drugs with enhanced bioavailability and target specificity. Researchers also explore its application in developing inhibitors for enzymes involved in disease pathways, making it a versatile tool in pharmaceutical research.