This compound is primarily utilized in organic synthesis and medicinal chemistry due to its boronic acid functional group, which is pivotal in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, particularly in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The hydroxypiperidine moiety enhances the compound's solubility and stability, making it suitable for use in aqueous or polar solvent systems. Additionally, its sulfonyl group can act as a linker or a functional handle for further chemical modifications, broadening its applicability in drug discovery and development. This chemical is also explored in the design of enzyme inhibitors and receptor ligands, leveraging its structural features to interact with biological targets effectively.