This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group makes it a valuable building block for creating complex organic molecules, especially in pharmaceutical research and development. It is often employed in the synthesis of biologically active compounds, including potential drug candidates, due to its ability to form carbon-carbon bonds efficiently. Additionally, it may be used in material science for designing advanced polymers or functional materials. Its piperidine moiety further enhances its versatility in medicinal chemistry, as it can interact with biological targets effectively.