This compound is primarily utilized in organic synthesis, particularly in the field of medicinal chemistry, where it serves as a key intermediate in the development of pharmaceutical agents. Its boronic acid functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is essential in creating complex organic molecules, including potential drug candidates. Additionally, its structural features, such as the piperidine moiety, contribute to its potential use in designing compounds with biological activity, particularly in targeting specific enzymes or receptors. Researchers also explore its application in the synthesis of bioactive molecules for treating various diseases, including cancer and infectious diseases.