This compound is primarily utilized in organic synthesis, particularly in cross-coupling reactions like the Suzuki-Miyaura reaction. Its boronic acid group makes it a valuable building block for creating complex organic molecules, especially in pharmaceutical research where it aids in the development of drug candidates. The piperidine moiety enhances its potential for interacting with biological targets, making it useful in designing compounds with therapeutic properties. Additionally, its structure allows for modifications to improve solubility and bioavailability, which are critical in drug development.