This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key reagent for forming carbon-carbon bonds, enabling the construction of complex organic molecules. Its boronic acid group is highly reactive with aryl halides in the presence of a palladium catalyst, making it valuable in pharmaceutical research for developing drug candidates. Additionally, it is employed in material science for synthesizing advanced polymers and organic electronic materials. Its sulfonyl and piperidine moieties contribute to its stability and reactivity, making it a versatile intermediate in various chemical processes.