This compound is primarily utilized in organic synthesis as a versatile building block, particularly in cross-coupling reactions such as Suzuki-Miyaura reactions. Its boronate ester group enables the formation of carbon-carbon bonds, making it valuable in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The piperidine ring structure further enhances its utility in drug discovery, as it is a common scaffold in bioactive compounds. Additionally, it serves as an intermediate in the preparation of boron-containing materials, which are used in various research and industrial applications.