This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables it to form stable covalent bonds with various organic molecules, making it valuable for constructing complex chemical structures. It is often employed in the development of pharmaceuticals, where it serves as a key intermediate in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds use in material science for creating advanced polymers and functional materials. Its piperidine moiety contributes to its utility in designing compounds with enhanced biological activity, particularly in drug discovery for targeting specific receptors or enzymes.