This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, especially in the pharmaceutical industry, where it aids in the development of drug candidates. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures. Additionally, it finds application in materials science for designing advanced polymers and organic electronic materials. Its piperidine moiety also contributes to its use in medicinal chemistry, where it is explored for its potential biological activity.