This compound is primarily utilized in organic synthesis and medicinal chemistry due to its boronic acid functional group, which is essential in Suzuki-Miyaura cross-coupling reactions. These reactions are widely employed to form carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, the hydroxypiperidine moiety can enhance the compound’s solubility and bioavailability, making it a potential intermediate in the development of drug candidates. Its specific structure may also be explored for targeting enzymes or receptors in biochemical studies.