This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid functional group enables it to act as a key intermediate in forming carbon-carbon bonds, which is essential in constructing complex organic molecules. It is often employed in the development of pharmaceuticals, where it contributes to the synthesis of biologically active compounds. Additionally, it may be used in material science for creating advanced polymers or functional materials. Its specific structure, including the piperidine moiety, can enhance its binding affinity in certain applications, making it valuable in drug discovery and medicinal chemistry research.