This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for constructing complex molecules, especially in pharmaceutical research and development. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are common in many drugs and bioactive compounds. Additionally, it is employed in the synthesis of piperidine derivatives, which are valuable in medicinal chemistry for their role in creating molecules with potential therapeutic effects. Its tert-butyloxycarbonyl (Boc) protecting group ensures stability during synthetic processes, allowing for selective deprotection when needed.