This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the preparation of complex organic molecules, often in pharmaceutical research and development. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable for constructing biologically active compounds. Additionally, it is employed in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Its piperidine moiety also contributes to its use in designing molecules with potential therapeutic applications, such as enzyme inhibitors or receptor modulators.