This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its boronic acid functional group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for constructing carbon-carbon bonds in the production of complex organic compounds. Additionally, its structural features, including the hydroxypiperidine moiety, contribute to its potential in designing compounds with enhanced binding affinity and selectivity, often explored in the development of therapeutics for diseases such as cancer and neurological disorders.