This compound is primarily utilized in the field of organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in constructing biologically active compounds. Additionally, it is employed in the development of potential drug candidates, especially in targeting specific enzymes or receptors involved in various diseases. Its structural features, including the piperidine moiety, contribute to its ability to interact with biological targets, enhancing its utility in medicinal chemistry research.