This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It serves as a key intermediate in the production of complex organic molecules, including pharmaceuticals and agrochemicals. Its boronic acid group facilitates the formation of carbon-carbon bonds, making it valuable in the development of biologically active compounds. Additionally, it is employed in the synthesis of advanced materials and polymers, where precise molecular architecture is required. Its piperidine moiety also contributes to its role in creating compounds with potential therapeutic applications, such as enzyme inhibitors or receptor modulators.