This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronate ester group makes it a valuable intermediate for constructing complex organic molecules, especially in the pharmaceutical and agrochemical industries. It is often employed in the synthesis of biologically active compounds, including drugs and pesticides, due to its ability to facilitate the formation of carbon-carbon bonds. Additionally, its piperidine and tert-butyl carboxylate groups contribute to its stability and reactivity, making it suitable for use in multi-step synthetic processes.