This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The presence of the hydroxypiperidine moiety can enhance solubility and influence the compound’s interaction with biological targets, making it potentially useful in drug discovery and development. Additionally, it may serve as an intermediate in the preparation of biologically active compounds or materials with specific electronic or structural properties.