This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. Its boronic acid group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. Additionally, its piperidine moiety can enhance binding affinity in drug design, making it useful in the development of bioactive compounds targeting neurological and metabolic disorders. The cyano group further contributes to its reactivity, allowing for versatile modifications in medicinal chemistry applications.