This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its structure, featuring a piperidine moiety, enhances its solubility and reactivity in various solvents, making it suitable for use in medicinal chemistry research. Additionally, the presence of the hydroxyl group allows for further functionalization, expanding its utility in designing bioactive compounds. It is often employed in the development of drug candidates targeting specific biological pathways, such as enzyme inhibition or receptor modulation.