This compound is primarily used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, which are widely employed to form carbon-carbon bonds. Its boronic acid group makes it a valuable reagent for constructing complex molecules, often in the development of pharmaceuticals and agrochemicals. Additionally, the presence of the piperidinyl group can enhance its interaction with biological targets, making it useful in drug discovery for designing compounds with specific therapeutic properties. It is also explored in material science for creating advanced polymers and functional materials.