Used primarily as a key intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of carbon-carbon bonds in the synthesis of complex organic molecules. Its boronate ester group readily reacts with aryl or vinyl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical and agrochemical research. It is especially useful for constructing biaryl systems found in bioactive compounds and functional materials. The presence of the piperidine ring can enhance solubility and influence the biological activity of final products, further supporting its role in drug discovery and development.