This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a boronic acid reagent, enabling the formation of carbon-carbon bonds, which is essential in the development of pharmaceuticals and fine chemicals. Its piperidine and tert-butyl groups contribute to its stability and reactivity, making it a valuable intermediate in the synthesis of complex molecules. Additionally, it finds application in the preparation of bioactive compounds and materials for drug discovery, where its structural features can enhance binding affinity and selectivity.