This compound is primarily utilized in organic synthesis and pharmaceutical research 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 development of complex organic molecules, including potential drug candidates. Its structure, featuring a piperidine moiety, also suggests potential applications in medicinal chemistry, where it may be used to design and synthesize compounds targeting neurological or receptor-based diseases. Additionally, its properties could be explored in materials science for the development of advanced polymers or sensors.