This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key building block for creating complex organic molecules, especially in pharmaceutical research. The boronic acid group enables the formation of carbon-carbon bonds, making it valuable for developing drug candidates and bioactive compounds. Its structure, featuring a piperidine ring, is often utilized in designing molecules with potential neurological or receptor-targeting properties. Additionally, it finds applications in material science for constructing advanced polymers and functional materials. Its versatility makes it a useful reagent in both academic and industrial settings.