Used in organic synthesis as a key intermediate for the preparation of complex molecules, particularly in cross-coupling reactions like Suzuki-Miyaura coupling. This reaction is widely employed in pharmaceutical research to create biaryl compounds, which are essential in drug development. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it is utilized in material science for designing advanced organic materials with specific electronic or structural properties. Its piperidine moiety contributes to its potential use in developing CNS-targeted drugs due to its ability to interact with biological receptors.