This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. The boronic acid group enables efficient coupling with aryl halides, facilitating the formation of carbon-carbon bonds. Additionally, its piperidine moiety can contribute to the biological activity of the final compounds, making it valuable in drug discovery and development. Its applications extend to material science, where it is used in the synthesis of organic electronic materials and polymers.