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 development of pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for creating biaryl structures. Additionally, it is employed in the preparation of bioactive compounds, including potential drug candidates targeting various diseases. Its piperidine moiety further enhances its utility in designing molecules with specific biological activities.