This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate in the development of pharmaceuticals, enabling the formation of carbon-carbon bonds to construct complex molecular structures. Its boronic acid group is essential for attaching to aryl or vinyl halides, making it valuable in producing biologically active compounds. Additionally, it is employed in the synthesis of ligands for catalysis and in the preparation of materials for organic electronics. Its piperidine moiety contributes to its potential use in designing molecules with neurological activity, particularly in targeting receptors or enzymes in the central nervous system.