This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for the introduction of the phenylpiperidine moiety into more complex molecules. Its boronate ester group makes it highly reactive towards aryl halides, enabling the formation of carbon-carbon bonds. This is particularly valuable in the pharmaceutical industry for the development of drug candidates, especially those targeting the central nervous system. Additionally, it is utilized in materials science for the synthesis of organic electronic materials, where precise molecular architecture is crucial for performance.