Used primarily as an intermediate in pharmaceutical synthesis, this compound plays a key role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds. Its boronate ester group allows for efficient coupling with aryl halides, making it valuable in the development of complex organic molecules, particularly in drug discovery and the preparation of bioactive compounds. The piperidine and ester functionalities support structural diversity and can be further modified to tailor pharmacokinetic properties in medicinal chemistry applications.