This compound is primarily utilized in organic synthesis and pharmaceutical research due to its boronic acid functional group, which is instrumental in Suzuki-Miyaura cross-coupling reactions. These reactions are pivotal for forming carbon-carbon bonds, enabling the synthesis of complex organic molecules, including potential drug candidates. The presence of the fluorine atom enhances the compound's reactivity and selectivity in these reactions, making it valuable for creating biologically active molecules. Additionally, the piperidine moiety contributes to the compound's ability to interact with biological targets, particularly in the development of central nervous system (CNS) drugs. Its hydrochloride form ensures improved solubility and stability, facilitating its use in various experimental and industrial processes.