Used primarily as an intermediate in Suzuki-Miyaura cross-coupling reactions, this compound enables the formation of biaryl or aryl-heteroaryl bonds in pharmaceutical synthesis. The presence of the boronate ester group allows it to react with aryl halides under palladium catalysis, making it valuable in constructing complex molecules for drug development. It is particularly useful in the synthesis of bioactive compounds where a piperidine moiety is required for target binding, such as in CNS agents or receptor modulators. Its amide linkage also provides stability and can serve as a linker in medicinal chemistry scaffolds.