This chemical is primarily utilized in organic synthesis as a versatile building block, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the formation of carbon-carbon bonds through Suzuki-Miyaura cross-coupling reactions, enabling the creation of complex molecular structures. Its boronic acid group facilitates the coupling with aryl halides, making it valuable in the synthesis of biologically active compounds. Additionally, its piperidine moiety can enhance the pharmacokinetic properties of drug candidates, such as improving solubility or bioavailability. Researchers also explore its potential in designing inhibitors for specific enzymes or receptors, contributing to drug discovery efforts.