This compound is primarily utilized in organic synthesis and pharmaceutical research due to its boronic acid functional group, which is key in Suzuki-Miyaura cross-coupling reactions. These reactions are essential for forming carbon-carbon bonds, making it valuable in the development of complex organic molecules, including potential drug candidates. Its structure, featuring a hydroxypiperidine moiety, suggests potential applications in designing molecules with enhanced binding affinity to biological targets, particularly in neurological and metabolic disorder treatments. Additionally, it may serve as an intermediate in synthesizing compounds with therapeutic properties, such as enzyme inhibitors or receptor modulators.