This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, the piperidine moiety can enhance the compound's interaction with biological targets, making it useful in medicinal chemistry for drug discovery and development. Its cyanophenyl group may contribute to the stability and reactivity of the molecule in various chemical processes.