This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction, where it serves as a boronic acid derivative. Its structure allows it to act as a key intermediate in the preparation of complex organic molecules, including pharmaceuticals and agrochemicals. The presence of the boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the formation of carbon-carbon bonds. Additionally, the piperidine moiety in its structure can contribute to the biological activity of the final compounds, making it valuable in drug discovery and development processes. Its applications are often focused on creating compounds with potential therapeutic or agricultural benefits.