This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate for constructing complex molecules, often in the development of pharmaceuticals and agrochemicals. Its boronic acid group enables efficient coupling with aryl halides, facilitating the creation of biaryl structures, which are common in many biologically active compounds. Additionally, it finds application in materials science for designing advanced polymers and electronic materials. Its piperidine moiety can contribute to enhancing the solubility and stability of the resulting products, making it valuable in various research and industrial processes.