This compound is primarily utilized in organic synthesis, particularly in the pharmaceutical industry, where it serves as a key intermediate in the development of various drugs. Its boronic acid group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a widely used method for forming carbon-carbon bonds. This reaction is crucial in constructing complex molecules, including active pharmaceutical ingredients (APIs) and biologically active compounds. Additionally, the presence of the hydroxypiperidine moiety enhances its potential in designing molecules with specific pharmacological properties, such as enzyme inhibition or receptor modulation. Its applications extend to medicinal chemistry research, where it aids in the discovery and optimization of new therapeutic agents.